Creditors Block Shanshan Group’s $463 Million Restructuring Plan

Creditors Block Shanshan Group’s $463 Million Restructuring Plan

Creditors Block Shanshan Group’s $463 Million Restructuring Plan - Major lenders including ICBC and CCB opposed the proposal, which would have handed control to shipping tycoon Ren Yuanlin

Creditors block Shanshan Group’s restructuring plan

A proposed RMB 3.3 billion ($463 million) restructuring plan for debt-laden Shanshan Group Co. Ltd. has collapsed after key creditor and shareholder groups voted it down, derailing the recovery effort of the once-prominent private enterprise, reports Caixin. The Ningbo-based firm, now focused on battery materials and polarizers, has been under court-supervised restructuring since February 2025, […]