Assets of Jiangsu Xinghua Qingfeng Rubber Co., Ltd. were auctioned for a second time after failing in the first time.
Since 2017, there are 41 auctions related to tire and rubber on the online judicial auction platform.
The auctions involve in 10 rubber and tire companies, including famous ones such as Baili Rubber & Tire Co., Ltd. And Zhejiang Liwang Tire Co., Ltd.
Besides producers, there are also tire distributors, such as Hangzhou Hexin Tire Co., Ltd.
Most of the subject matters are property, building, production equipment and tire, and the auctions are very likely to fail for a few times.
The subject matter with the highest price is a property with decorations and facilities of Baili Rubber & Tire. After 146 rounds of bids, the hammer price is 241 million yuan.
Auctioned assets of Shandong Futaier Tire Co., Ltd., Qingtian Zhengli Rubber Co., Ltd., and Zhejiang Zhengda Rubber Co., Ltd. are also evaluated at over 5 million yuan.
In addition, Beijing Shouchuang Tire LLC. went bankruptcy two years ago, while its assets still haven't been disposed well yet.
