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Yangzijiang Financial pumps 1.02 billion yuan in lithium battery producer Ningbo Shanshan&rsquo s restructuring
The investment by the group and two of its investors gives them effective voting rights of 23.4 per cent in the lithium battery producer
[SINGAPORE] Investment management company Yangzijiang Financial : YF8 -1.67% and two of its strategic investors have entered into an agreement to lead the restructuring of Chinese lithium battery producer Ningbo Shanshan.
In a bourse filing on Wednesday (Oct 1), Yangzijiang Financial said the consortium &ndash comprising its wholly owned subsidiary Jiangsu New Yangzi Commerce & Trading, as well as strategic investors Xiamen TCL Industrial Investment and China Orient Asset Management &ndash will obtain effective voting rights of about 23.4 per cent in Shanshan.
These voting rights will be entrusted to Yangzijiang Financial upon the completion of Shanshan&rsquo s restructuring.
As part of the deal, Yangzijiang Financial and the two strategic investors have formed an investment holding platform to acquire 223.3 million shares of Shanshan at 11.44 yuan per share. This translates to 9.9 per cent of Shanshan&rsquo s total share capital.
Yangzijiang Financial will contribute 1.02 billion yuan (S$184.4 million) and hold a 40 per cent interest in the platform.
Xiamen TCL Industrial Investment, a wholly owned subsidiary of Chinese electronics company TCL Technology Group, will separately acquire 43.7 million shares, representing 1.9 per cent of Shanshan&rsquo s total share capital. The voting rights for these shares will be granted to the platform.
Yangzijiang Financial said that, in the next phase, a limited partnership will be established with a service trust managed by China Orient Asset Management as a limited partner. This partnership will acquire 20 million additional Shanshan shares, or 0.89 per cent of its total share capital, with voting rights also entrusted to the platform.
Additionally, the sellers&rsquo remaining voting rights will be handed over to the platform.
Yangzijiang Financial said that, following the restructuring&rsquo s completion, it will exercise the effective voting rights of 23.4 per cent in Shanshan, as general partner of the platform on behalf of the consortium.
It added that the 1.02 billion yuan investment is around 4.8 per cent of the group&rsquo s net asset value as at Jun 30, and is 4.5 per cent of its market capitalisation as at Oct 1.
However, it cautioned that the agreement remains subject to authorities&rsquo approval, with &ldquo no certainty or assurance that it will become effective or be completed&rdquo .
&ldquo In addition, there is no certainty whether the consortium will be able to fulfil its funding obligations under both (phases),&rdquo said Yangzijiang Financial, adding that the completion timeline for the reorganisation and final shareholder structure are therefore subject to change.
Ren Yuanlin, executive chairman and chief executive officer of Yangzijiang Financial, said the group&rsquo s investment capitalises on the gradual recovery of China&rsquo s economy.
&ldquo It aligns well with our investment philosophy of supporting companies with solid business fundamentals, established market presence and strong industry partnerships, but require fresh capital to unlock growth or navigate restructuring, an area where we have proven expertise,&rdquo he said.
Ren added that Yangzijiang Financial will continue pursuing &ldquo promising opportunities that strengthen its core investment portfolio&hellip (and) generate sustainable returns to shareholders&rdquo .
Founded in 1992, Shanshan produces and sells lithium battery anode materials and polarisers, which are used in the new energy, battery and electric vehicle industries.
In February, the company&rsquo s controlling shareholder, Shanshan Group, entered a court-led bankruptcy reorganisation. Bloomberg reported that month that the lithium battery company had five yuan-denominated bonds, with a total of 5.1 billion yuan outstanding.
Yangzijiang Financial to invest RMB1.02 billion in joint restructuring bid of lithium battery maker Shanshan Co
The Edge Singapore &bull 02/10/2025,
" This equity investment represents a strategic move to capitalise on the gradual recovery of China' s economy by deploying the group' s robust cash reserves into high-quality investment opportunities," says Yangzijiang Financial Holding' s executive chairman and CEO Ren Yuanlin.
" It aligns well with our investment philosophy of supporting companies with solid business fundamentals, established market presence, and strong industry partnerships, but require fresh capital to unlock growth or navigate restructuring, an area where we have proven expertise," he says.
Ren says Yangzijiang Financial Holding is actively pursuing promising opportunities that strengthen its core investment portfolio and aims to effectively deploy its cash reserves to generate sustainable returns to shareholders.
Yangzijiang Financial invests RMB1.02 billion to lead the restructuring of lithium battery giant Shanshan Co. (600884.SS)
Yangzijiang Financial, together with its strategic investors, TCL and China Orient Asset
Management, will obtain a 23.36% effective voting rights in Shanshan Co., with the voting rights
to be entrusted to the Group by the Sellers and Consortium partners upon completion of the
restructuring.
As part of the deal, the Group and certain strategic investors will acquire 223,311,200 shares of
Shanshan Co. at RMB 11.44 per share, representing a 9.93% effective stake, of which the Group
has committed RMB 1.02 billion and holds 40%.
Shanshan Co., established in 1992, is a leading supplier of lithium battery anode materials and
polarizers for the global new energy and display industries.
The investment is consistent with the Group&rsquo s expertise in corporate restructuring and value
investing, leveraging its strong cash reserves and capital markets expertise to capture
opportunities in quality companies with long term growth potential.
Ya, very surprising big positive news indeed. Lithium batteries is undoubtedly an ultra high growth area.
HVRRVH ( Date: 01-Oct-2025 22:57) Posted:
| Major investment by YZJF into high growth lithium battery company. Should see very positive market actions tomorrow. |
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YZJFH invests RMB1.02 billion to lead the restructuring of lithium battery giant Shanshan Co.
https://links.sgx.com/1.0.0/corporate-announcements/J4HMJ4YW8Z36QGX3/2a2655ec83d9aa4d67ba46901f928072638151dc862fbdce983b03daa9c28c51
Major investment by YZJF into high growth lithium battery company. Should see very positive market actions tomorrow.
Very solid summary and write up, very positive tone. I'm impressed with this PR team skills.
EGM minutes released. Should be follow soon by ETL and news of private placement. It is note worthy that the minutes carries the tone that actual placement size may be much smaller than $250M and though rights issue was mentioned and discussed, it is hardly official that there will be a rights issue! I do hope there will be at least a 1 for 10 rights issue. Can' t imagine really got shareholder asking for 1 for 1, wah lah, want to double the investment? If got 1m shares then must commit half a million should the rights price is $0.50?
It seems there is a force trying to keep price in check.
Hence, 1.30 doesn' t appear likely.
However, 1.25 just before spin off is still very much possible.
Beware of Bull trap setup by short sellers!
HVRRVH ( Date: 30-Sep-2025 17:29) Posted:
I hope I will be wrong too 
I am inclined to take some profit if it reaches there before spin off but there is no decision yet. Don' t have to think about it until it really get there cos I really don' t think it will be. Simply because the premium will be too rich $1.30 vs $1.11 unless there are related good news/development leading to the spin off. We shall see.
hokpin ( Date: 30-Sep-2025 17:21) Posted:
" I don' t think it will get there, i.e., $1.3 and above before spin off"
Bro, I hope this time only you are not correct |
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I hope I will be wrong too
I am inclined to take some profit if it reaches there before spin off but there is no decision yet. Don' t have to think about it until it really get there cos I really don' t think it will be. Simply because the premium will be too rich $1.30 vs $1.11 unless there are related good news/development leading to the spin off. We shall see.
hokpin ( Date: 30-Sep-2025 17:21) Posted:
" I don' t think it will get there, i.e., $1.3 and above before spin off"
Bro, I hope this time only you are not correct.
HVRRVH ( Date: 30-Sep-2025 10:39) Posted:
| Strong support give way and even tested $1.1 yesterday though rebounded quickly to what I think the real trading range of $1.15 to $1.24. Market mechanism at play, probably stop hunt and create liquidity. We are entering Oct and with targeted Nov spin off date, more volatility could be on the cards. Personally will sit tight and do nothing unless price hit $1.3 or above, then maybe lock in some profits before the spin off finalisation but have to emphasis I don' t think it will get there, i.e., $1.3 and above before spin off. |
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" I don' t think it will get there, i.e., $1.3 and above before spin off"
Bro, I hope this time only you are not correct.
HVRRVH ( Date: 30-Sep-2025 10:39) Posted:
Strong support give way and even tested $1.1 yesterday though rebounded quickly to what I think the real trading range of $1.15 to $1.24. Market mechanism at play, probably stop hunt and create liquidity. We are entering Oct and with targeted Nov spin off date, more volatility could be on the cards. Personally will sit tight and do nothing unless price hit $1.3 or above, then maybe lock in some profits before the spin off finalisation but have to emphasis I don' t think it will get there, i.e., $1.3 and above before spin off.
HVRRVH ( Date: 24-Sep-2025 12:53) Posted:
| Strong support $1.2 with resistance $1.24. Fair to say it is likely to stay the same till finalisation of spin off. If have to choose one direction, I would say it is likely to break $1.24 than $1.2 from now until spin off. Relevant parties must be looking at placement size and price, rights ratio and price now among other things. Come to think of it, why the management did the EGM so early as it seems there is plenty of time. |
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Wow. I was not aware but it did a good recovery!
pkli899 ( Date: 29-Sep-2025 13:39) Posted:
Wow, before lunch break, dropped to 1.10!
Highest mkt cap & weightage (5.6%) in the new Index did nothing to help it' s price.  |
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Strong support give way and even tested $1.1 yesterday though rebounded quickly to what I think the real trading range of $1.15 to $1.24. Market mechanism at play, probably stop hunt and create liquidity. We are entering Oct and with targeted Nov spin off date, more volatility could be on the cards. Personally will sit tight and do nothing unless price hit $1.3 or above, then maybe lock in some profits before the spin off finalisation but have to emphasis I don' t think it will get there, i.e., $1.3 and above before spin off.
HVRRVH ( Date: 24-Sep-2025 12:53) Posted:
| Strong support $1.2 with resistance $1.24. Fair to say it is likely to stay the same till finalisation of spin off. If have to choose one direction, I would say it is likely to break $1.24 than $1.2 from now until spin off. Relevant parties must be looking at placement size and price, rights ratio and price now among other things. Come to think of it, why the management did the EGM so early as it seems there is plenty of time. |
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Going lower every day? 17.6m shares short sell today. Higher controlled by BB and Tough days ahead.
SlothSG ( Date: 29-Sep-2025 19:03) Posted:
BB gave a big shakes and it fell to $1.10.
Anyway good recovery 😜 |
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BB gave a big shakes and it fell to $1.10.
Anyway good recovery 😜
Wow, before lunch break, dropped to 1.10!
Highest mkt cap & weightage (5.6%) in the new Index did nothing to help it' s price.
Cannot really remember where I hear it. Think it was during egm. Ren said he can act for rights not subscribed. Rights will be at good discount. Since shareholders no like placement. It was a requirement to get some fee discount. If pure spin off no such benefits. Stand to be corrected. Take it as rumours since no formal announcement.
HVRRVH ( Date: 26-Sep-2025 17:55) Posted:
No placement? I thought I have been keeping tap on all related news but apparently not. Can share the source or sources?
pasttime ( Date: 26-Sep-2025 07:29) Posted:
shorts constantly reducing their position since boss said no placement.
and the fed start reducing interest rate. so no hope to cover or hold their open positions.
without the shorty disturb the share price will stable for a while until more good news.
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The short sell on 22 Sep week was 50.6m shares.
The short sell on 15 Sep week was 45.7m shares.
The short sell on 8 Sep week was 59.9m shares.
The short sell on 1 Sep week was 34.3m shares.
Looks like the short sellers have the upper hand as of now. Trade with cautious.
No placement? I thought I have been keeping tap on all related news but apparently not. Can share the source or sources?
pasttime ( Date: 26-Sep-2025 07:29) Posted:
shorts constantly reducing their position since boss said no placement.
and the fed start reducing interest rate. so no hope to cover or hold their open positions.
without the shorty disturb the share price will stable for a while until more good news.
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