本次交易构成关联交易。2025年10月金投投资控股股东变更为东阳市财政局。过去12个月内，金投投资 为东阳市金投控股集团有限公司全资子公司，因公司董事长吴凯军先生同时兼任东阳金投董事长，根据 《上海证券交易所股票上市规则》，金投投资为公司关联法人。截至本公告披露日，过去12个月内，除 日常关联交易外，公司(包括下属子公司)与东阳金投及其下属公司(包括金投投资)发生的关联交易事项 累计金额为2.17亿元(不含本次)。 格隆汇12月19日丨东望时代(600052.SH)公布，基于担保化解事项的整体安排，公司与东阳市金投股权 投资管理有限公司协商一致并拟签署《债权转让合同(2025年12月)》，约定公司以9776.81万元的价格将 部分标的债权转让至金投投资。同时，公司将自身对质押股权及派生权益折价、拍卖、变卖所得价款在 标的债权范围内享有的对应比例优先受偿权随标的债权一并转让给金投投资。 此外，公司于2025年4月25日与金投投资协商一致并签订合同编号为DWSD202504ZR001 的《债权转让 合同》，公司拟与金投投资签署该合同之补充协议，将该合同项下转让价款的支付截止日期，由2025年 12月31日延长至2 ...

Core Viewpoint - The article highlights the distinction between "debt transfer" and "foreclosed assets" in property auctions, emphasizing that many auctioned properties are actually debt claims rather than the properties themselves, which poses various risks for potential buyers [2][4][9]. Group 1: Auction Details - On November 19, a residential property in Shanghai's Hongkou District was auctioned for 1.125 million yuan, which appeared to be a bargain compared to similar properties in the area [2][3]. - The auctioned item was a debt claim secured by the property, not the property itself, leading to potential issues such as the inability to change ownership [2][4][9]. Group 2: Market Conditions - In major cities, many auctioned properties receive no bids, and those that do often have very few participants, indicating a lack of interest due to various factors such as location and condition [4][9]. - The average transaction price in the neighborhood remains at 55,000 yuan per square meter, despite a noticeable decline in property prices over the past two years [7]. Group 3: Risks and Considerations - The auction process involves significant risks, including potential legal disputes and the inability to execute ownership changes, which are often not clearly communicated to bidders [4][9]. - Buyers are advised to conduct thorough due diligence, as many listings may misrepresent the nature of the auctioned items, leading to confusion between debt claims and actual property sales [9][10]. Group 4: Bank Involvement - Banks, such as Zhejiang Chouzhou Commercial Bank, clarify that they are selling debt claims rather than properties, and buyers must negotiate with debtors regarding repayment [9][12]. - Some banks have successfully transferred property ownership before auctioning, ensuring clearer titles and reducing risks associated with ownership disputes [13][17].