Recently, Xuzhou Tianshun Concrete Co., Ltd., a concrete company in Xuzhou, went bankrupt, and the creditor's rights of its receivables were auctioned. It is understood that Xuzhou Tianshun Concrete Co., Ltd. was established in 2004 with a registered capital of 23.89 million yuan and only one natural person shareholder, including Tianshun Company and Ceiling Company. Most of the receivables and creditor's rights of Xuzhou Tianshun Company and Tianpeng Company in
this auction are commercial concrete sold by Xuzhou Tianshun Concrete Co., Ltd. for various projects in the past. In the construction industry, it is a common phenomenon that each project is in arrears with the project payment and material payment. The auction of Xuzhou Tianshun Concrete Co., Ltd. has a total of 15 receivables, with a total book value of about 29.2 million yuan, plus interest of about 35.05 million yuan.
Previously, the 15 receivables were packaged for two auctions, the first auction, the starting price of 16.21 million yuan, failed, the second auction, directly reduced to 3 million yuan, or failed. In this auction, the starting price was reduced to 1 million yuan, and finally only one person signed up for the auction and won the rights of more than 30 million receivables at the starting price.
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