Nan Fang Du Shi Bao·2025-11-06 16:13Core Viewpoint - The Guangzhou Circle Mansion, a landmark building in Guangzhou, is being auctioned for the third time after facing significant financial difficulties and controversies since its completion in 2013. The starting bid is set at 1.36 billion yuan, reflecting a significant reduction from its estimated value of 1.7 billion yuan [1][5][6]. Group 1: Auction Details - The auction is scheduled to take place from November 13 to November 14, 2025, with a starting price of 1,359,723,468.8 yuan [4][9]. - The auction has attracted over 12,000 views, but as of November 6, 2023, no bids have been placed [1][9]. - A deposit of approximately 67.99 million yuan is required to participate in the auction [4]. Group 2: Building Specifications - The Guangzhou Circle Mansion was constructed at a cost of 1 billion yuan and has a total area of approximately 105,000 square meters, standing 138 meters tall with 33 floors [5][6]. - The building features a unique circular design, with an outer diameter of 146.6 meters and an inner diameter of 47 meters, making it potentially the largest and roundest building in the world [5][6]. Group 3: Financial Background - The building's parent company, Hongda Xingye Group, has faced severe financial issues, leading to its bankruptcy application in 2023. The group reported total assets of 9.964 billion yuan against liabilities of 33.845 billion yuan, resulting in a negative net asset of 23.881 billion yuan [8][9]. - The previous auction attempt in August 2023 had a starting price of approximately 5.589 billion yuan but did not result in a sale [6][8]. Group 4: Ownership and Legal Issues - The auction includes the sale of 100% equity of Guangdong Xingye International Industrial Co., Ltd. and necessary assets for restructuring, alongside land use rights for two parcels designated for storage, education, and cultural facilities [6][7]. - The chairman of Hongda Xingye, Zhou Yifeng, has faced multiple legal issues, including being listed as a dishonest executor and facing penalties for financial misconduct [8][9].