Core Points - The restructuring plan proposed by the controlling shareholder of Singshan Co., Ltd. was not approved by the creditors' meeting [1][2] - Major creditor groups, including secured creditors, ordinary creditors, and equity holders, voted against the restructuring plan, while only the employee and tax creditor groups approved it [1][2] - The court will continue to oversee the restructuring process according to the relevant laws, despite the rejection of the plan by the major creditor groups [1][3] Group 1: Restructuring Plan Details - Singshan Group and its subsidiary, Ningbo Pengze Trading Co., Ltd., were ordered to undergo substantive consolidation restructuring by the Ningbo Court [1] - A consortium led by Jiangsu New Yangzi Trading Co., Ltd. and others plans to acquire a 23.36% stake in Singshan Co. for a total consideration of 3.284 billion yuan [2] - The restructuring plan includes the establishment of a holding platform to directly acquire shares of Singshan Co. and involves multiple parties, including TCL Technology [2] Group 2: Legal and Procedural Aspects - Despite the rejection of the restructuring plan by major creditor groups, the court has the authority to approve the plan under specific conditions, even if it was not passed by the creditors [3] - The possibility of the court enforcing the plan is low due to the unanimous rejection by the three major creditor groups [3] - Legal interpretations indicate that any court approval must ensure fair treatment of the dissenting creditor groups, including adequate repayment ratios [3]
杉杉集团重整遭否,船王任元林入主受阻