28, * ST Mubang announced that it would adopt the form of public auction . Sale of a land use right and ground attachments (hereinafter referred to as the "underlying assets") held by Bangbao Yizhi , a wholly-owned subsidiary .
The announcement shows that the underlying assets are located on the southeast side of Unit D03 of Haojiang District, Shantou Taiwanese Investment Zone, with an area of 39111 . The construction area of the house is 60132.
After comprehensive consideration by the company, in order to facilitate the auction, the starting price is set at 70% of the appraisal price (11765 of 0.77 million yuan).
For the auction, * ST Mubang explained in the announcement that the main purpose is to optimize the asset structure in the future, further revitalize the company's assets and improve the efficiency of asset use. So as to better focus on the development of the main industry .
In addition, in terms of timing, * ST Mubang is expected to complete the sale of the underlying assets through the "Jingdong Asset Trading Platform" in the form of public auction by August 15, 2025.
It is noteworthy that on July 26, * ST Mubang was also investigated by the China Securities Regulatory Commission for suspected illegal acts such as false disclosure of financial data in periodic reports such as annual reports.
On the same day, * ST Mubang also received a decision on administrative supervision measures from the Jiangxi Securities Regulatory Bureau.According to the written decision, * ST Mubang and related entities have major accounting errors , illegal use of raised funds , occupation of non-operating funds by controlling shareholders and other related parties, There are four types of errors in the annual report and other disclosure documents.
As far as the occupation of non-operating funds by controlling shareholders and other related parties is concerned, by the end of June 2025, the total balance of non-operating funds occupied by the company is about 8131.
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