Planet Green Holdings Corp. Provides Response to Unusual Market Action

Rhea-AI Summary

Planet Green Holdings (NYSE: PLAG) has issued a statement in response to unusual trading activity observed in its common stock on the NYSE American exchange on June 17, 2025. The company, following Section 401(d) of the NYSE Company Guide requirements, conducted inquiries but was unable to determine if corrective actions were needed. Planet Green confirmed that there have been no undisclosed material developments in its business operations that could explain the unusual market behavior.

Positive

• None.

Negative

• Company unable to explain or address the cause of unusual trading activity
• Potential market volatility and uncertainty surrounding the stock

NEW YORK, June 18, 2025 /PRNewswire/ -- Planet Green Holdings Corp. ("Planet Green", the "Company") (NYSE American: PLAG) announced today that the Company had become aware of unusual trading activity in its common stock on the New York Stock Exchange American (the "NYSE") on June 17, 2025. The Company is issuing this press release pursuant to Section 401(d) of the NYSE Company Guide. The Company has made inquiries and has been unable to determine whether corrective actions are appropriate at this time. The Company is further announcing that there has been no material development in its business and affairs not previously disclosed or, to its knowledge, any other reason to account for the unusual market action.

Forward Looking Statements

This news release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "anticipate", "believe", "expect", "estimate", "plan", "outlook", and "project" and other similar expressions that indicate future events or trends or are not statements of historical matters. These statements are based on our management's current expectations and beliefs, as well as a number of assumptions concerning future events.

Such forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside of our control and all of which could cause actual results to differ materially from the results discussed in the forward-looking statements. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements can be found in our reports filed with the Securities and Exchange Commission, which are available, free of charge, on the SEC's website at www.sec.gov.

For more information please contact:
Ms. Lili Hu
Chief Financial Officer
Phone: 718 799 0380
Email: hulili@planetgreenholdings.com

 

View original content:https://www.prnewswire.com/news-releases/planet-green-holdings-corp-provides-response-to-unusual-market-action-302485382.html

SOURCE Planet Green Holdings Corp.

FAQ

What caused the unusual trading activity in Planet Green Holdings (PLAG) stock on June 17, 2025?

According to the company's statement, they were unable to determine the cause of the unusual trading activity and confirmed there were no undisclosed material developments in their business operations.

How did Planet Green Holdings (PLAG) respond to the unusual market action?

Planet Green Holdings issued a press release in accordance with NYSE Company Guide Section 401(d), conducted inquiries, and stated that no corrective actions were deemed appropriate at the time.

Were there any undisclosed material developments at Planet Green Holdings (PLAG)?

The company explicitly stated that there were no material developments in its business and affairs that had not been previously disclosed to account for the unusual market action.

What is Section 401(d) of the NYSE Company Guide that PLAG referenced?

Section 401(d) of the NYSE Company Guide requires listed companies to respond to unusual market activity by issuing public statements to inform investors about potential causes or confirm no material undisclosed developments.