杉杉集团重整遭否，船王任元林“入主”受阻

Core Viewpoint - The restructuring plan for Shanshan Co., Ltd. was not approved by the creditors' meeting, indicating significant challenges in the company's financial recovery efforts [1] Group 1: Restructuring Plan Outcome - The restructuring draft proposed by Shanshan Group and its subsidiary was not approved by the creditors' meeting, with major creditor groups voting against it [1] - The employee and tax creditor groups approved the draft, but the secured creditor, general creditor, and investor groups, which hold larger claims, rejected it [1] Group 2: Future Steps and Legal Proceedings - The management will continue the restructuring process in accordance with the relevant laws and regulations of the People's Republic of China [1] - A consortium led by Jiangsu New Yangzi Trade Co., Ltd. plans to acquire a 23.36% stake in Shanshan Co. for 3.284 billion yuan, aiming to restructure Shanshan Group and its subsidiary [2] - A lawsuit has been filed by a competing investor, claiming that their rights were undermined in the restructuring process, which may complicate the approval of the new restructuring plan [2][3] Group 3: Court's Role and Potential Outcomes - The court has the authority to approve the restructuring plan even if it is rejected by creditor groups, but this is generally reserved for cases where only a few groups disapprove [3] - The likelihood of the court enforcing the plan is low given that all three major creditor groups voted against it, which raises concerns about the fairness and equity of the proposed adjustments [3]