Entrusted by the Chengdu Railway Transport Intermediary Court, Sichuan Branch of Beijing Zonton International Auction Co. Ltd., Chengdu Hanrongxuan Auction Co. Ltd., and Sichuan Bosen Auction Co. Ltd. successfully held the auction for the Properties of Dongfang Electric (Yixing) MAGI Solar Power Technology Co. Ltd. through the online outcry system of China Beijing Equity Exchange (CBEX). With the online outcry, the properties were finally transferred at RMB570.2206 million.
In order to ensure successful holding of the auction, CBEX and Sichuan Branch of Beijing Zonton International Auction Co. Ltd., Chengdu Hanrongxuan Auction Co. Ltd., Sichuan Bosen Auction Co. Ltd. and Chengdu Railway Transport Intermediary Court closely worked with each other, held discussions repeatedly, enhanced communication and enlarged the project investment promotion scope. With such efforts they solicited several buyers of intent for this project against the industry downturn.
The successful holding of the auction fully reflects CBEX’s resource configuration function of value discovery and price formation, and the capacity of investor resource scouting. CBEX has strictly accorded with requirements of the Higher People’s Court of Sichuan Province on the third-party transaction platforms to regulate the operation procedures, and made good use of the modern information technology to closely cooperate with auction companies to provide efficient and excellent services for the people’s courts at all levels of Sichuan in disposing litigation assets.