Shares of the cement plant were finally sold at a discount of 1.4% after 14 auctions.

China Cement Network learned from a trading platform that the 30% stake in Beijing Xingang Cement Manufacturing Co., Ltd. held by Beijing Yongding Cement Plant was finally sold at 4.4955 million yuan after the 14th auction at a discount of 1.4%.

Relevant information shows that the first auction of the subject was on February 10 this year, when the starting price was 31.6047 million yuan, but ultimately no one signed up. Since then, including the first auction, the asset has been sold for 13 consecutive auctions, until September 9, the 14th auction, and finally sold. The transaction price also dropped from 31.6047 million yuan at the beginning of the year to 4.4955 million yuan, a decrease of 27.1092 million yuan, or 85.78%.