Group 1 - The auction for Guangdong Xingye International Industrial Co., Ltd.'s restructuring investment rights is set for November 27, with a starting price of 1.224 billion yuan, down from 1.36 billion yuan in the previous auction on November 13, which had no bids [1] - The core asset being auctioned is the controversial "Copper Coin Building," officially named Guangzhou Round Building, located in the Liwan District of Guangzhou, with a total construction area of approximately 105,000 square meters [4] - Guangdong Xingye International was established in June 2004, with a registered capital of 50 million yuan, and is primarily engaged in domestic trade and property leasing [6] Group 2 - Hongda Xingye Group, the major shareholder of Guangdong Xingye International, has faced declining profitability since 2019 due to a downturn in the chemical industry and increased environmental costs [6] - The Guangzhou Round Building was previously put up for auction in April 2022 as collateral due to Hongda Xingye Group's debt crisis, and the company applied for bankruptcy liquidation in February 2023 [7] - The starting price for the building was initially set at approximately 5.589 billion yuan but failed to attract any bids, leading to a subsequent auction with a reduced starting price of 1.36 billion yuan in October 2023 [7]