Rendong Holdings creditors approve restructuring plan

Rendong Holdings Co., Ltd. (SZSE:002647) announced that its first creditors' meeting was successfully held on February 13, 2025, where creditors voted and approved the company's restructuring plan. The meeting saw participation from both on-site attendees and those connected via an online platform. Ordinary creditors holding 4,915,739,542.32 RMB in claims voted overwhelmingly in favor, with 99.69% of creditors representing 98.37% of the total value approving the plan. Similarly, secured creditors holding 434,313,498.98 RMB in claims unanimously approved the plan. The company noted that the plan still needs court approval and cautioned investors about potential risks, including the possibility of bankruptcy and delisting, if the restructuring fails.