The starting price is 10.5 million yuan! The assets of a cement enterprise in Inner Mongolia were auctioned for the eighth time.

According to an asset auction platform, the administrator of Keshiketeng Hongshan Cement Co., Ltd. in Chifeng City, Inner Mongolia, will conduct a public auction on the bankruptcy platform at 10:00 on September 24, 2025. The supervisory unit is the People's Court of Keshiketeng Banner, Inner Mongolia Autonomous Region.

The auction target is "assets such as machinery and equipment, some buildings and structures of Chifeng Keshiketeng Hongshan Cement Co., Ltd.", with a starting price of 10.5 million yuan and an appraisal price of 30.047657 million yuan.

It is reported that the scope of the auction target has been adjusted on the basis of the scope of the previous auction target, adding some new assets such as buildings and structures, which is the eighth time that the assets of the enterprise have been auctioned. The first seven auctions failed because no one bid.

Previously, on December 13, 2023, the People's Court of Keshiketeng Banner of Chifeng City issued a public announcement, according to the application of Inner Mongolia Re-Guarantee Co., Ltd. On October 17, 2023, it decided to terminate the implementation of the reorganization plan of Chifeng Keshiketeng Hongshan Cement Co., Ltd. and declared the bankruptcy of Chifeng Keshiketeng Hongshan Cement Co., Ltd. (See: Bankruptcy of Chifeng Keshiketeng Hongshan Cement Co., Ltd.)