Shang Hai Zheng Quan Bao·2025-09-30 15:02Group 1 - Shanshan Group and a consortium of investors signed a restructuring investment agreement to advance the restructuring process of Shanshan Group and its subsidiary, Ningbo Pengze Trading Co., Ltd [2][3] - TCL Technology announced its participation in the restructuring through its subsidiary, investing up to 500 million yuan to acquire 1.94% of Shanshan shares at a price of 11.44 yuan per share [3] - Shanshan Holdings is a leading company in the global lithium battery anode material market, with significant partnerships with major panel manufacturers like BOE and TCL Huaxing [3][4] Group 2 - The restructuring is driven by the increasing demand for lithium battery materials, with the global market for anode materials expected to reach 42 billion yuan in 2024, with China accounting for 70% of global capacity [4] - The consortium aims to acquire a total of 23.36% of Shanshan's shares through various methods, including direct acquisition and trust agreements [4][5] - If the restructuring is successful, the actual controller of Shanshan will change to Ren Yuanlin, the actual controller of Xinyangzi Commerce, which is a major domestic investment platform [5] Group 3 - As of September 30, Shanshan's stock price was 15.9 yuan per share, representing a premium of approximately 39% over the restructuring pricing of 11.44 yuan per share [6]