A bankrupt construction company's 17.85 million project funds were auctioned, and the final transaction was 640,000!

2023-03-24 14:34:49

The starting price of the auction was 640,000, and only one person signed up for the auction and won the receivables at the starting price.

In the project construction, the project fund is a money that has to be mentioned. For many projects, the construction party of the contracted project sometimes has to face the situation that some projects can not get the project fund. Especially in the past three years since the outbreak of the epidemic, many real estate developers in real estate development projects all over the country have encountered unprecedented shortage of funds. Among them, many large real estate enterprises have defaulted on project payments, and even some developers have finally gone bankrupt and the construction party has not been able to get the project. Therefore, in the judicial auction market, from time to time, we can see that some houses of some real estate projects are auctioned by the court, and it is the construction party who applies for the execution of the auction, and the construction party wants to get some project funds through the auction of the house.

But sometimes, the judicial auction is not so good to auction out, some construction parties may not get the project funds for a long time, and may eventually enter the ranks of bankruptcy. No, in Zhaotong City, a construction company went bankrupt and some of its assets were auctioned.

On March 23, an auction named " (broken) accounts receivable of Zhaotong Jinhui Company to Zhaotong Yunfang Real Estate Development and Management Co., Ltd." Ushered in the last day of bidding. The starting price of the auction was 640,000. In the end, only one person signed up for the auction and won the receivables at the starting price.

And the receivables that were auctioned are related to the project funds, and seeing the transaction price of 640,000 yuan, how much do you think the receivables are on the books?

Previously, there have been many cases in which the receivables of bankrupt companies were auctioned. Most of them were auctioned many times before they were sold. Maybe hundreds of millions of yuan of receivables were auctioned. When the starting price dropped to 1 yuan, someone would sign up for the auction. Finally, they were sold for tens of thousands of yuan. The accounts receivable of Zhaotong Jinhui Company to Zhaotong Yunfang Real Estate Development and Management Co., Ltd. in this auction does not have hundreds of millions of yuan on its books, and the principal amount on its books is 17851372.37 yuan, but this is only the principal, and the interest generated by the principal should be included in the receivables from 2017. The interest is calculated from 24 January 2017 to 19 August 2019 in accordance with the interest rate standard for similar loans for the same period issued by the People's Bank of China, and from 20 August 2019 to the date of full payment in accordance with the interest rate standard for loan market quotations published by the National Interbank Funding Center.

The receivables were auctioned for the first time, but the starting price was set at 640,000, and the first auction was completed, which was relatively rare. According to the auction announcement, Zhaotong Jinhui Construction and Installation Engineering Co., Ltd. has applied to Zhaotong Intermediate People's Court of Yunnan Province for property preservation during the litigation of accounts receivable, and ruled that the property of Zhaotong Yunfang Real Estate Development and Management Co., Ltd. with a value of RMB 21243132 yuan has been preserved. However, the property worth more than 20 million yuan is facing several rounds of seizure, and the property cannot be executed for the time being, so the execution can only be terminated. Therefore, Jinhui Construction and Installation Engineering Co., Ltd. can not get the money it deserves.

However, this is about 17.85 million yuan of receivables, spent 640,000 yuan to take, and it is really hard to say how much can be returned in the end. Aiqi investigation shows that Zhaotong Yunfang Real Estate Development and Management Co., Ltd., which owes money, has now been listed as a dishonest person.

Relevant data show that Zhaotong Yunfang Real Estate Development and Management Co., Ltd. has opened a number of real estate projects in Zhaotong, and there have been relevant reports that its development of real estate, such as Zhaotong's "City Impression" project, in 2019. Zhaoyang District Housing and Urban-Rural Planning and Construction Bureau responded to the "Impression of the City" building suspected of violating laws and regulations, saying that the building had the behavior of collecting subscription funds and selling more than one house in violation of regulations.

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The starting price of the auction was 640,000, and only one person signed up for the auction and won the receivables at the starting price.

2023-03-24 14:34:49