HDXY(SZ:002002) 第一财经·2025-11-11 11:51Core Viewpoint - The Guangzhou Round Building, a controversial landmark, is being auctioned on the Alibaba judicial auction platform with a starting price of 1.36 billion yuan, but has attracted no bidders as of November 11, 2025 [3][8]. Group 1: Building Overview - The Guangzhou Round Building was constructed by Hongda Xingye Group from 2010 to 2013, officially opening in 2015. It stands 138 meters tall with a total area of approximately 105,000 square meters, making it the largest and roundest building in the world at the time of completion [5]. - The building's total investment was 1 billion yuan, and it was named through a public naming campaign that cost 10,000 yuan. Its design resembles a "copper coin," symbolizing prosperous trade [5][7]. Group 2: Auction Details - The auction for the building includes two land use rights, three real estate properties, and fixed assets, with an assessed value of nearly 1.7 billion yuan, starting at 1.36 billion yuan after a 20% discount [7]. - Bidders are required to pay a deposit of 67.98 million yuan and submit relevant documents by November 11, 2025. Despite over 20,000 views on the auction platform, no bids have been placed [7][8]. Group 3: Company Background and Financial Issues - Guangdong Xingye International Industrial Co., Ltd., established in June 2004, is primarily owned by Hongda Xingye Group (96%) and Guangdong Dongsha Logistics Co., Ltd. (4%). The company has faced significant financial difficulties, leading to bankruptcy proceedings for its parent company [5][8]. - The Guangzhou Round Building was previously used as collateral in April 2022 and was put up for auction with a starting price of approximately 5.589 billion yuan, but that auction also failed to attract buyers [8].