Core Viewpoint - Shanshan Co., Ltd. is undergoing a significant restructuring process, with Anhui Wanwei Group and Ningbo Financial Asset Management Co., Ltd. confirmed as the main investors for the restructuring of its controlling shareholder, Shanshan Group [1][2] Group 1: Restructuring Details - The restructuring aims to change the controlling shareholder of Shanshan Co., Ltd. to Anhui Wanwei Group, with the actual controller becoming the Anhui Provincial State-owned Assets Supervision and Administration Commission [1] - A consortium consisting of Anhui Wanwei Group, Anhui Conch Group, and Ningbo Financial Asset Management was selected for the restructuring, with Anhui Conch Group not directly acting as an investor but planning a strategic reorganization to become the controlling shareholder of Wanwei Group [1] - Following the restructuring, Anhui Conch Group will hold 60% of Wanwei Group, while Anhui Investment Group and Anhui State Capital Operation Holding Group will each hold 20% [1] Group 2: Share Acquisition and Voting Rights - To gain control over Shanshan Co., Ltd., Wanwei Group plans to acquire 21.88% of the voting rights through a two-step arrangement, starting with a purchase of 13.5% of Shanshan's shares for approximately 4.987 billion yuan [2] - The remaining 8.38% of shares will be retained by the restructured Shanshan Group and its subsidiary, ensuring that both parties act in concert regarding shareholder rights [2] - A bankruptcy service trust has been introduced as a debt repayment platform, with Ningbo Financial Asset Management acting as the first disposal institution for the trust [2]
皖维集团拟入主杉杉股份