Core Viewpoint - Fangda Carbon New Material Technology Co., Ltd. plans to participate in the substantive merger and restructuring of Shanshan Group and its wholly-owned subsidiary, Ningbo Pengze Trading Co., Ltd. [3][4] Group 1: Company Actions - On November 24, Fangda Carbon held a board meeting and approved the proposal to participate as an industrial synergy partner in the restructuring of Shanshan Group and Ningbo Pengze [3] - The company will prepare and submit the necessary documentation for the restructuring investment, including a due diligence confidentiality agreement and a restructuring investment plan [3][4] - The participation in the restructuring does not constitute a related party transaction or a major asset reorganization, thus does not require shareholder meeting approval [4] Group 2: Strategic Implications - Fangda Carbon aims to leverage its advantages in the anode industry to enhance its industrial chain integration and supply chain stability through this restructuring [4] - The company anticipates that this move will positively impact its future operational development and enhance its core competitiveness [4] Group 3: Context of Restructuring - Shanshan Group and Ningbo Pengze have initiated a new round of restructuring, with the process involving initial selection, final selection, and creditor committee voting [4] - A recent creditors' meeting revealed that the restructuring plan was not approved, indicating challenges in the ongoing restructuring efforts [5][6]
杉杉集团重整再生变