According to a property rights trading platform, the land use rights, buildings, structures and other ancillary facilities, special railway lines and equipment under the name of Chibi Zhongnan Cement Co., Ltd. will be auctioned again, with a starting price of 85.9087 million yuan.
The bid has been unsold many times before, and the starting price of the first auction is 170 million yuan, which is almost halved compared with the starting price of this auction.



The auction targets are three state-owned land use rights under the name of Chibi Zhongnan Cement Co., Ltd., together with above-ground buildings, structures and other ancillary facilities, special railway lines, machinery and equipment, electronic equipment, vehicles and engineering machinery, productive biological assets-seedlings and trees, and furniture assets.
1. Land use right: three state-owned land use rights under the name of Zhongnan Cement have obtained the State-owned Land Use Certificate in 2004, and the land use right certificate number is Chibi City Guoyong (2004) No.1753, 1754 and 1755. The certificate States that the land user is Chibi Zhongnan Cement Co., Ltd., the type of land use right is transfer, the land use purpose is industrial land, and the termination date of land use right is August 17, 2054; The total area of land use right recorded in the certificate is 571,170.05 square meters. Of which, the area of land use right recorded in the certificate of Chibi City Guoyong (2004) No.1753 is 424,763.12 square meters, the area of land use right recorded in the certificate of Chibi City Guoyong (2004) No.1754 is 123,925.4 square meters, and the area of land use right recorded in the certificate of Chibi City Guoyong (2004) No.1755 is 22 square meters. 481.53 square meters; The area of the land use right stated in the certificate of Chibi City Guoyong (2004) No.1753 is 424,763.12 square meters, the "Sitong site is not flat" within the red line of the land use parcel stated in the certificate of Chibi City Guoyong (2004) No.1754, and the "Wutong site is partially flat" within the red line of the two land parcels of Chibi City Guoyong (2004) No.1754 and No.1755.
2. Buildings: There are 135 buildings under the name of Zhongnan Cement, including 39 licensed buildings and 96 unlicensed buildings, some of which are mortgaged.
3. Structures and other ancillary facilities: They are mainly the floors, walls and lime kilns in the plant area of Chibi Zhongnan Cement Co., Ltd., totaling 47 items, which were built from 1986 to 2021.
4. Special railway line: a special railway line, completed in 1991.
5. Machinery and equipment: mainly including ball mill, powder concentrator, feeder, belt conveyor, dust collector, centrifugal fan, fluidized bed furnace, transformer, packaging machine, automobile bulk machine, air compressor, crusher, etc. required for cement production. 269 items in total, mainly purchased from 1987 to 2014. Most of them are now out of service.
6. Electronic equipment: mainly 15 air conditioners installed in various office departments, mainly purchased from 2006 to 2015.
7. Vehicle and mechanical engineering: mainly vehicles, engineering machinery, etc., 6 items in total.
8. Productive biological assets-seedling trees: mainly osmanthus trees, camphor trees, fir trees, cedar trees and other greening trees, totaling 2,874 trees.
9. Furniture: mainly office furniture, electrical appliances, etc., totaling 18 items, purchased in 2010-2020. It is
also understood that on April 14, 2025, the Intermediate People's Court of Xianning City, Hubei Province, announced that Chibi Zhongnan Cement Co., Ltd. was filed for bankruptcy.
In addition, on July 14, 2025, the Xianning Intermediate People's Court issued a civil ruling (2025) No.5, which accepted the bankruptcy liquidation application of Chibi Zhongnan Cement Co., Ltd. On the same day, it issued a ruling (2025) No.5 of E 12, which ruled that the case should be tried by the Chibi People's Court.

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