TCL Technology: NBSS's restructuring plan was not approved by the creditors' meeting
TCL Technology announced that the draft restructuring plan of NBSS Group Co., Ltd. was not approved by the creditors' meeting, and the subsequent administrator will continue to promote the restructuring work. There is uncertainty regarding whether the plan can ultimately be approved and sanctioned by the court, and the restructuring investment may be terminated due to failure to meet the conditions of the agreement, making the possibility of successful restructuring unclear
According to the Zhitong Finance APP, TCL Technology (000100.SZ) announced that the restructuring plan (draft) of the company it participated in, Shanshan Group Co., Ltd., was not approved by the third creditors' meeting. The subsequent administrator will continue to promote the restructuring work. There is still uncertainty as to whether this restructuring plan (draft) can ultimately be approved by the creditors' meeting and sanctioned by the people's court. In addition, there is still a risk that this restructuring investment may terminate due to the inability to meet the conditions set forth in the "Restructuring Investment Agreement," and it remains uncertain whether this restructuring can be completed
