Wongtee International(SZ:000056) Zheng Quan Ri Bao Zhi Sheng·2025-09-11 04:09Core Viewpoint - Shenzhen Huating International Enterprise Co., Ltd. has temporarily retained its core asset, Shenzhen Huating Plaza, after a failed auction where no bids were placed despite significant interest [1][2]. Group 1: Auction and Legal Proceedings - The auction for Shenzhen Huating Plaza, with a starting price of 3.053 billion yuan and an assessed value of 4.361 billion yuan, attracted over 800 interested parties but ultimately resulted in no bids, leading to a failed auction [1]. - If judicial enforcement continues, the company risks losing ownership of Shenzhen Huating Plaza, which could trigger a significant asset restructuring and impact its financial stability, potentially leading to a warning of forced delisting under Shenzhen Stock Exchange rules [2]. Group 2: Debt and Financial Challenges - The debt issues trace back to a 3 billion yuan loan taken by the company's subsidiary, Rongfa Investment, from CITIC Trust in 2016, which has led to financial difficulties since 2020, culminating in overdue payments of 2.75 billion yuan in principal and interest [2]. - Prior to the auction, the company attempted to find buyers for its assets, including two unsuccessful attempts to sell 100% of Rongfa Investment, with the asking price dropping from 7.493 billion yuan to 5.620 billion yuan [3]. - The company reported a revenue of 290 million yuan for the first half of 2025, a year-on-year decrease of 18.48%, and a net loss attributable to shareholders of 185 million yuan [4].