Changshu Qoros Auto Plant Assets Up for Second Auction with Starting Bid of RMB 859 Million

On January 15 at 10:00 a.m., the real estate, equipment, facilities, spare parts, and other assets of Qoros Automotive Co., Ltd. located at No. 1 Tongda Road, Changshu City, will be offered in a second auction on JD Asset Trading Platform. The starting bid is approximately RMB 859 million, with an appraised value of around RMB 15.34 billion. The property includes a land area of 716,473 square meters and a building area of 183,148.04 square meters (as registered), completed in 2014 and designated for industrial use. The assets are currently under court seizure and subject to mortgage liens. The auction is being organized by the Changshu City People's Court of Jiangsu Province. As of the announcement date, one bidder has registered to participate.