Core Points - The article discusses the recent developments regarding the auction of 73,540,620 shares of Lingbao Gold by the Gongqingcheng Mingchu Investment Partnership, which faced legal challenges after the auction [1][3][5]. Group 1: Auction Details - The Gongqingcheng Partnership successfully bid 195 million RMB for the shares on March 18, 2023, after a failed first auction in January 2023 where the starting price was 212 million RMB [1][3][5]. - The shares were initially assessed at a value of 249 million RMB, with the auction prices set at 70% and 80% of the assessed value for the first and second auctions, respectively [5][6]. - The auction was conducted on Alibaba's platform, and the transaction was confirmed with a successful bidding certificate [3][5]. Group 2: Legal Challenges - Lingbao State-owned Assets Company raised objections to the auction, claiming the shares were undervalued and that they had not received the assessment report [3][5][6]. - A hearing was held in early April 2023 to address the execution objections raised by Lingbao State-owned Assets Company [5][6]. - The court issued a temporary suspension of the auction execution process due to the complexity of the case, extending the suspension multiple times [7][8]. Group 3: Financial Implications - The Gongqingcheng Partnership reported financial losses due to the ongoing legal disputes, estimating losses in the millions as the auction funds were tied up [8]. - The partnership received a refund of the auction amount on October 27, 2023, but returned the funds to the court, insisting on the execution of the auction [1][8].
企业近2亿元拍下灵宝黄金7354万股股份，付款7个月未过户，拍卖款被退回