Ningbo Shanshan Says Reorganization Plan Submission Deadline Extended; Shares Down 4%

MT Newswires Live

2025/09/19

Ningbo Shanshan (SHA:600884) obtained court approval to extend its controlling shareholder, Shanshan Group and its subsidiary Pengze Trading's submission for a draft reorganization plan to Dec. 20.

The extension was granted due to the complexity of assets and various creditor demands, according to a Friday filing with the Shanghai bourse.

Shares of the battery materials manufacturer were down 4% in recent trade.

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