杉杉股份，重组被否！

Core Viewpoint - The restructuring plan for Shanshan Group and its wholly-owned subsidiary, Ningbo Pengze Trading Co., has failed to pass the creditor vote, indicating significant challenges ahead for the companies involved [2][3]. Group 1: Restructuring Details - On November 3, Shanshan Co. announced that the restructuring plan for its controlling shareholder, Shanshan Group, and its subsidiary, Pengze Trading, did not receive approval from creditors [2]. - The restructuring process was initiated due to substantial debt issues, leading to a court ruling for substantive consolidation and restructuring on March 20, 2025 [2]. - A restructuring investment agreement was signed on September 29, involving a consortium of investors aiming to acquire control of 23.36% of Shanshan Co.'s shares through various methods [2]. Group 2: Future Uncertainties - Despite the failure of the restructuring plan, the restructuring manager will continue to advance the process according to relevant laws and regulations [3]. - There remains uncertainty regarding the success of the restructuring for Shanshan Group and Pengze Trading, which may lead to adjustments in shareholder equity and potential changes in company control [3].