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On January 11, the second vote of the ordinary creditor’s rights group of the fifth creditors’ meeting of Yajiang County Snowway Mining Development Co., Ltd.’s bankruptcy and reorganization case was held in the People’s Court of Chengdu High-tech Industrial Development Zone. It was learned from the meeting that Ningde Times, as a restructuring investor, has thrown out a restructuring plan of more than 6.4 billion yuan. However, at yesterday’s meeting, as a creditor, GCL (including GCL Nengke and its affiliates) did not vote in favor of the proposal and held objections to the plan. On January 12, the reporter learned that the restructuring plan had been unanimously approved. This also means that the ownership of the “sky-high price lithium mine” is very clear, and the Ningde era has become the final winner. (Daily Economic News)
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