“民营船王”，出局

Group 1 - The restructuring plan proposed by Ren Yuanlin, known as the "private shipping king," has failed, leading Shanshan Group to initiate a new selection process for restructuring investors [1][2] - Fangda Carbon New Material Technology Co., Ltd. has announced its participation as an industrial synergy partner in the recruitment of substantial merger restructuring investors for Shanshan Group and its wholly-owned subsidiary, Ningbo Pengze Trading Co., Ltd. [1] - The restructuring process will include stages such as preliminary selection, final selection, and voting by the creditors' committee [1] Group 2 - The initial registration for investors has concluded, but the exact number of applicants remains unclear due to the presence of consortiums [2] - Jiangsu Xinyangzi Trading Co., Ltd., led by Ren Yuanlin, did not register for this recruitment, although there is a possibility of future financial collaboration with other investors [2][3] - A previous agreement was signed on September 29, where a consortium including Jiangsu Xinyangzi and others aimed to acquire 23.36% of Shanshan's shares for a total price of 3.284 billion yuan [2] Group 3 - The rejection of the restructuring plan indicates a significant setback for the capital plan led by the four-party consortium attempting to take control of Shanshan [3] - Ren Yuanlin's background in shipbuilding has raised concerns regarding his ability to ensure the sustainable development of Shanshan's core business in the new energy sector [5] Group 4 - Fangda Carbon's main business includes the production and sales of graphite electrodes, carbon bricks, and other carbon-based materials, with total assets exceeding 400 billion yuan and annual sales projected to exceed 300 billion yuan in 2024 [5][6]