[Lithium Battery: Shanshan Shares Control To Transfer To Anhui State-Owned Assets]

Published: Apr 23, 2026 17:39

Save

On April 22, Ningbo Shanshan Co., Ltd. issued an announcement stating that the court has approved the reorganization plan for Shanshan Group and its wholly-owned subsidiary Ningbo Pengze Trading Co., Ltd., and has terminated the debtor's reorganization proceedings. According to the reorganization plan, Anhui Wanwei Group Co., Ltd. will, through a combination of direct stock acquisitions and voting arrangements with retained shares, control a total of 21.88% of the voting rights of Shanshan shares held by Shanshan Group and Pengze Trading. The controlling shareholder of Shanshan Shares will change to Wanwei Group, and the actual controller will change to the State-owned Assets Supervision and Administration Commission of the People's Government of Anhui Province.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

3 mins ago

[SMM Analysis] Large-Sample Lithium Carbonate Inventory Officially Launched: How to Interpret the Data?

3 mins ago

3 hours ago

【SMM Analysis】Ternary Cathode Transaction Sentiment Recovers This Week

3 hours ago

6 hours ago

Core Lithium: Finniss Project Officially Resumes Mining Production

Core Lithium announced on May 20 that the Finniss project has officially commenced production resumption, with the Grants pit initiating its first blast. Raw ore processing is expected to begin in Q3 2026, and the first shipment of spodumene concentrates plans to be dispatched in Q4 2026.

6 hours ago