2.7亿债务牵动80亿观致资产，宝能姚振华实名举报

Core Viewpoint - A debt enforcement case of 270 million yuan is pushing the core manufacturing assets of Qoros Auto, valued at 8 billion yuan, to judicial auction, amid allegations of asset undervaluation and rapid procedural advancement by the actual controller, Yao Zhenhua [1][2] Group 1: Debt and Asset Valuation - The assets being auctioned include the core production facilities of Qoros Auto in Changshu, Jiangsu, with a starting bid set at 860 million yuan [1] - Yao Zhenhua claims that the market value of the seized assets is approximately 8 billion yuan, while the official valuation in the enforcement process is only 1.5 billion yuan [2] - The significant discrepancy between the market valuation and the auction starting price raises concerns about the fairness of the asset evaluation process [2] Group 2: Financial Investment and Operational Viability - From 2018 to 2025, the company received a total investment of approximately 26 billion yuan from Baoneng Group, covering various expenses including equity acquisition, R&D, and operational costs [3] - Yao Zhenhua asserts that Qoros Auto is not a "shell" company and could resume production with an additional investment of around 2 billion yuan within 10 months [3] Group 3: Bankruptcy and Legal Proceedings - A group of 33 creditors, representing over 60% of Qoros Auto's known total debt, has applied for bankruptcy reorganization, seeking to halt the auction and ensure fair asset distribution [4] - The company has entered formal bankruptcy review procedures, with a history of significant financial losses and multiple legal issues, including over 31 equity freeze records totaling more than 35 billion yuan [5] - The case highlights tensions between individual debt enforcement and the preservation of overall company assets, as well as the implications for creditor interests [6]