On April 15, the Restructuring Plan (Draft) of Shanshan Group Co., Ltd. and Ningbo Pengze Trading Co., Ltd. was voted through, pending a court ruling. After the restructuring, Wanwei Group will take over the control of Shanshan shares, while Conch Group's capital increase holding Wanwei Group is accelerating. Shanshan Group's revenue in 2024 is 18.68 billion yuan, and once all transactions are completed, Conch Group's total revenue will increase substantially.
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