3, Shanshan issued an announcement on the progress of the reorganization of controlling shareholders.
The company received a notice on the same day that the draft reorganization plan had been submitted to the creditors' meeting on February 28. The fourth creditors' meeting of the merger and bankruptcy reorganization case of Shanshan Group and Pengze Trade was held on March 2, and the voting deadline was 17:00 on April 15.
If the reorganization is completed, the reorganization investors will control 21.88% of the voting rights of the company, the control of the company will be changed to Anhui Wanwei Group, and the actual controller will be changed to Anhui SASAC. As early as March 20, 2025, the
controlling shareholder Shanshan Group and its subsidiary Pengze Trade were ruled to be substantially merged and reorganized, and signed the reorganization investment agreement on February 6, this year.
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