Core Viewpoint - The auction of Sunshine City's headquarters building, the Binjiang International Plaza, concluded at a price significantly lower than its initial valuation, reflecting the company's ongoing financial struggles and high debt levels [1][3][15]. Group 1: Auction Details - The Binjiang International Plaza was auctioned with a starting price of 1.13 billion yuan and sold for 1.31 billion yuan after 37 rounds of bidding [1]. - The final sale price was only 60% of the original starting price of 2.1 billion yuan, indicating a significant decline in asset value [3]. - The property had previously been auctioned four times without success, highlighting the challenges in selling the asset [3]. Group 2: Company Background and Financial Issues - Sunshine City, originally a top 15 Chinese real estate company, has faced severe financial difficulties, with total liabilities exceeding 650 billion yuan as of September 2023 [8][12]. - The company reported substantial losses over three years, totaling approximately 400 billion yuan, leading to a significant decline in its stock price and eventual delisting from the Shenzhen Stock Exchange [9][10]. - The company's debt situation is exacerbated by ongoing lawsuits and claims for unpaid rent and fees amounting to 181 million yuan [7]. Group 3: Debt and Asset Management - Sunshine City has been actively selling assets to manage its debt, including the sale of shares in various companies and properties, with total debt repayment efforts exceeding 45 billion yuan [7]. - The company is currently coordinating with local governments and financial regulators to develop a comprehensive plan to address its debt issues [15]. - As of mid-2024, the company's asset-liability ratio reached 111.68%, indicating a precarious financial position [12].
知名房企巨头上海总部大楼被6折甩卖 公司3年巨亏400亿元
Mei Ri Jing Ji Xin Wen·2025-10-07 13:48