Zheng Quan Shi Bao Wang·2025-12-12 15:21Group 1 - China Baoan announced its participation as the lead investor in the restructuring of Shanshan Group and its wholly-owned subsidiary Ningbo Pengze Trading Co., Ltd, having submitted registration materials and a due diligence deposit of 50 million yuan [1] - The restructuring process was initiated due to Shanshan Group's debt issues, with the Ningbo Intermediate People's Court accepting the bankruptcy restructuring case in February 2025 and subsequently approving the substantive merger restructuring in March 2025 [1] - The restructuring investment recruitment has attracted multiple investors, including the "Fangda System" and Hunan Salt Industry Group, which aims to integrate capital with industry to accelerate its layout in the new energy materials sector [2][2] Group 2 - Shanshan Group, founded by prominent Zhejiang businessman Zheng Yonggang, is a leader in the global lithium battery anode materials and polarizer industries, but has faced challenges following Zheng's unfortunate passing [2] - The restructuring plan has garnered significant attention from the capital market, with ongoing speculation about which parties will ultimately participate in the restructuring process [2]