"A-Share Focus" NBSS fell over 6%, Shanshan Group's restructuring plan rejected by creditors
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The bankruptcy reorganization plan of NBSS (Shanghai: 600884) was not approved by the creditors' meeting, resulting in a 6.27% drop in its stock price to 12.4 RMB. TCL Technology (Shenzhen: 000100), which also participated in the reorganization plan, saw its stock price fall by 1.61% to 4.27 RMB. The reorganization plan was proposed by a consortium controlled by "private shipping king" Ren Yuanlin, which aimed to acquire 23.36% of NBSS's equity for 3.284 billion RMB, but failed to reach an agreement due to conflicting demands from various parties. Subsequent reorganization efforts will continue to advance
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