深圳皇庭广场。据悉，皇庭广场被深圳市中级人民法院裁定以30.53亿元抵偿债务。 IC供图 B03·深城记 ...

法拍起拍价约为30.53亿元，相当于评估价的7折。 网络截图 10月8日，皇庭国际一纸公告宣告其核心资产命运尘埃落定，公司全资子公司深圳融发投资有限公司(下 称"融发投资")名下的晶岛国商购物中心(即深圳皇庭广场)被深圳市中级人民法院裁定以30.53亿元抵偿 债务。这一价格与9月流拍的首次法拍起拍价持平，意味着这座运营12年的商业地标正式易主。 命运 曾借款30亿元到期未能履约 此后债务处置一波三折 据公告披露，皇庭国际子公司融发投资曾于2016年与中信信托有限责任公司(下称"中信信托")签订信托 贷款合同，获贷30亿元，借款期限为2016年3月30日至2021年3月30日。 该笔借款的担保措施包含多重保障:融发投资以晶岛国商购物中心(即皇庭广场)及对应土地使用权提供抵 押；皇庭国际以持有的融发投资60%股权质押，其子公司POWERLAND HOLDINGS LIMITED以融 发投资40%股权质押；融发投资与深圳市皇庭物业发展有限公司皇庭广场分公司另以应收账款质押；同 时，皇庭国际还联合深圳市皇庭投资管理有限公司、深圳市皇庭集团有限公司及郑康豪提供连带责任保 证。 2025年8月，从福田会展中心眺望皇庭广场 ...

上述借款由融发投资以晶岛国商购物中心及其占有范围内的土地使用权提供抵押保证，皇庭国际以持有 的融发投资60%股权为质押担保，皇庭国际之子公司POWERLAND HOLDINGS LIMITED以持有的融发 投资40%股权为质押担保，融发投资和深圳市皇庭物业发展有限公司皇庭广场分公司以应收账款提供质 押担保。 本报8月11日就"皇庭广场起拍"所做的相关报道。 【深圳商报讯】（记者 程茹欣）法拍流拍后，晶岛国商购物中心（即深圳皇庭广场）的所有权有了新 消息。 10月8日晚间，皇庭国际（深市代码：000056）公告称，公司收到广东省深圳市中级人民法院《执行裁 定书》，公司全资子公司深圳融发投资有限公司（以下简称"融发投资"）名下位于深圳市福田区中心区 的晶岛国商购物中心被司法裁定以第一次网络拍卖起拍价30.53亿元抵偿相关债务，申请执行人为光曜 夏岚（深圳）投资有限公司。 皇庭国际表示，深圳皇庭广场作为公司主要资产，本次以物抵债后公司将失去标的资产的所有权，对公 司的资产、负债及日常经营活动将产生重大影响。 回溯前情，2016年，皇庭国际子公司融发投资与中信信托签订了信托贷款合同，借款金额为30亿元，借 款期限为2 ...

超4万人围观，1人报名，但深圳地标商业皇庭广场仍惨遭流拍。 事实上，皇庭广场的运营主体皇庭系企业近年来深陷资金链困境。早在2021年，因30亿贷款到期未还 清，作为抵押物的皇庭广场就被申请查封，虽此后皇庭国际多次尝试转让核心资产偿债、推进债务重 组，但最终自救未能成功。 9月9日，位于深圳福田CBD核心区的皇庭广场在京东资产交易平台启动首次公开拍卖。尽管拍卖页面 持续吸引超4万人次围观，但截至9月10日10点竞拍结束，该标的最终仍因无人出价而流拍。 值得一提的是，皇庭国际此前曾发布公告指出，如本次拍卖成交，公司将失去标的资产的所有权，构成 重大资产重组；同时深圳皇庭广场作为公司主要资产，拍卖成交后对公司的资产、负债及日常经营活动 将产生重大影响，公司未来存在可能触发《深圳证券交易所股票上市规则》9.3.1的财务类强制退市的风 险警示情形。 随着皇庭广场本次资产流拍消息落地后，皇庭国际的股价也出现意外波动，早盘10时30分左右股价直线 拉升，盘中曾短暂触及涨停。截至记者发稿，皇庭国际股价报3.01元，涨幅达8.27%。 报名须缴保证金6.1亿 据了解，此次拍卖标的为深圳市福田区中心区晶岛国商购物中心及相关附属设 ...

Core Viewpoint - The auction of the Royal Court Plaza in Shenzhen, with an estimated value of approximately 4.36 billion yuan, ended in failure, attracting only one bidder despite over 47,000 views [2][3]. Group 1: Auction Details - The auction took place from September 9 to September 10, with a starting price of approximately 3.05 billion yuan, which is about 70% of the estimated value [2]. - The Royal Court Plaza has a land area of 42,348.37 square meters and a total building area of 136,895.89 square meters, with a land use period of 40 years [2]. Group 2: Financial Obligations - The property has outstanding management fees of approximately 16.32 million yuan and utility fees of about 7.40 million yuan, totaling around 23.72 million yuan that the buyer would need to cover in addition to the auction price [3]. Group 3: Company Background - Royal Court Plaza is a key asset of Royal Court International, which has been facing financial difficulties, including a lawsuit related to a 2.75 billion yuan loan dispute [4]. - Royal Court International reported a loss of 185 million yuan in the first half of the year, and its stock price has significantly declined, currently valued at about one-tenth of its historical peak from ten years ago [4]. Group 4: Debt Restructuring Efforts - The company has been in negotiations for debt restructuring for nearly three years, but has yet to reach a viable agreement despite signing a framework agreement and receiving a deposit of 10 million yuan [4].

超4万人围观，1人报名，但深圳地标商业皇庭广场仍惨遭流拍。 昨天（9月9日），位于深圳福田CBD核心区的皇庭广场在京东资产交易平台启动首次公开拍卖。尽管拍卖页面持续吸引超4万人次围观，但截至9月10日 10点竞拍结束，该标的最终仍因无人出价而流拍。 值得一提的是，皇庭国际（000056）此前曾发布公告指出，如本次拍卖成交，公司将失去标的资产的所有权，构成重大资产重组；同时深圳皇庭广场作为 公司主要资产，拍卖成交后对公司的资产、负债及日常经营活动将产生重大影响，公司未来存在可能触发《深圳证券交易所股票上市规则》9.3.1的财务类 强制退市的风险警示情形。 随着皇庭广场本次资产流拍消息落地后，皇庭国际的股价也出现意外波动，早盘10时30分左右股价直线拉升，盘中曾短暂触及涨停，截至收盘，皇庭国际 股价报3.01元/股，涨幅达8.27%。 无人出价遭流拍 据了解，此次拍卖标的为深圳市福田区中心区晶岛国商购物中心及相关附属设施、设备，即深圳的地标性商业之一的皇庭广场。该标的物评估价约为 43.61亿元，起拍价约为30.53亿元，相当于评估价的7折。如用户有意参加相关标的物竞拍活动，则须缴纳保证金6.1亿元。 该拍卖自9 ...

Core Viewpoint - The auction of the landmark commercial property, Huangting Plaza in Shenzhen, ended in failure with no bids despite over 40,000 views on the auction platform, highlighting challenges in the commercial real estate market [2][5]. Company Summary - Huangting International previously announced that if the auction succeeded, it would lose ownership of a major asset, leading to significant impacts on its assets, liabilities, and operations, potentially triggering financial delisting warnings [4]. - Following the news of the failed auction, Huangting International's stock price experienced volatility, rising to 3.01 yuan per share, an increase of 8.27% [4]. - The auctioned property, Huangting Plaza, has an estimated value of approximately 4.361 billion yuan, with a starting bid set at about 3.053 billion yuan, which is 70% of the assessed value [5][6]. Industry Summary - The auction's failure is attributed to both market conditions and issues specific to the project, including additional costs for bidders and the asset's land use rights expiring in 2042, which diminishes its attractiveness [8]. - The commercial real estate market has been under pressure, with an increase in failed auctions across the country, indicating a broader trend of declining demand and rising vacancy rates in retail properties [8][9]. - In Shenzhen, the average vacancy rate for retail properties reached 7.1% in the second quarter, with average rents declining by 1.6% year-on-year [9].

Group 1 - The stock price of Huangting International reached 2.95 yuan as of August 15, 2025, with a daily increase of 0.34% and a trading range of 8.16% [1] - The company's main business includes commercial real estate operations and semiconductor business, with its core asset, Shenzhen Huangting Plaza, set for judicial auction on September 9, starting at a price of 3.053 billion yuan, which is a 30% discount from the assessed value [1] - Huangting International has reported continuous losses over recent years, accumulating over 4.4 billion yuan in losses from 2020 to 2024, and its semiconductor subsidiary failed to meet performance commitments, generating only 72.67 million yuan in revenue in 2024, significantly below expectations [1] Group 2 - On August 15, there was a net inflow of 34.0061 million yuan in main funds, with a cumulative net inflow of 74.7471 million yuan over the past five days [2]

Core Viewpoint - The judicial auction of the Shenzhen Huating Plaza project is set to start on September 9, with a starting price of approximately RMB 30.53 billion, reflecting a significant decrease from its previous valuation and highlighting the ongoing financial struggles of Huating International [2][9]. Group 1: Auction Details - The starting price for the auction is set at approximately RMB 30.53 billion, down from a market value of about RMB 43.61 billion, indicating a discount of 30% [2]. - This marks the third time Huating Plaza has been put up for auction, with the starting price reduced by over RMB 2.5 billion compared to three years ago [2][9]. - The auction has garnered attention from over 10,800 individuals, but no bidders have registered as of the announcement date [2]. Group 2: Company Background and Financial Struggles - Huating Plaza was initially envisioned as a high-end shopping center, with a budget of RMB 4 billion, but has faced numerous delays and operational challenges since its inception [3][4]. - The project has been plagued by financial difficulties, with Huating International reporting a cumulative loss of RMB 44.44 billion over five years, and continuous losses since 2019 [12][13]. - The company has been unable to meet its debt obligations, leading to a lawsuit from the bank and the subsequent court-ordered seizure of Huating Plaza [7][11]. Group 3: Strategic Shifts and Future Outlook - In an attempt to alleviate financial pressure, Huating International has been exploring a strategic shift towards the semiconductor industry, although this transition has not yielded the expected results [13][16]. - The company's semiconductor business has consistently underperformed, with revenues falling short of targets, contributing to ongoing financial instability [17]. - The potential sale of Huating Plaza could trigger mandatory delisting risks for Huating International, as it represents a significant portion of the company's revenue [11][12].

Core Viewpoint - The Shenzhen Royal Plaza, a key asset of Royal International, is set to be auctioned with a starting price of 3.053 billion yuan, significantly lower than its assessed value of 4.361 billion yuan, raising concerns about the company's financial stability and potential delisting risk [1][7]. Group 1: Company Overview - Royal Plaza, located in Shenzhen's CBD, is a landmark shopping center contributing over 56% of Royal International's revenue, with a total area of approximately 138,000 square meters [2][5]. - The shopping center has maintained a rental rate of over 95% and an annual foot traffic exceeding 40 million, benefiting from Hong Kong tourists [4][3]. Group 2: Financial Challenges - Royal International's financial situation is precarious, with the Royal Plaza accounting for 71.57% of the company's total assets and 56.03% of its annual revenue [5][6]. - The company has faced significant losses, totaling approximately 46 billion yuan over five years, with a projected loss of 14 to 20 million yuan for the first half of 2025 [13][14]. Group 3: Debt and Legal Issues - The auction is a result of Royal International's inability to repay a 3 billion yuan loan from Citic Trust, leading to legal actions and the current auction process [9][10]. - The company is in discussions with creditors for a debt restructuring plan, which could potentially halt the auction if an agreement is reached [11].