Shenzhen Royal Court Plaza has been auctioned off?? This...

When I was in school, I often went there to watch movies and eat. I looked into it and found it stemmed from a loan contract dispute, borrowing 3 billion from Citic Trust, and only repaying 250 million upon maturity, leaving only a few tens of millions in the account, and they went straight to auction you off.

At the same time, in the neighboring district, there's another unfortunate brother, South China City has also gone bankrupt and is being liquidated!

This should be the largest real estate company to be liquidated after Evergrande in terms of asset scale. What happened to him? It's also due to debt issues. Now the real estate agents' phones are ringing off the hook, all from owners of South China City office buildings who are selling at fire-sale prices, just wanting to get out.

Royal Court Plaza was listed for sale in March 2022, with a listing price of 7.493 billion, then lowered to 5.692 billion. Both times, there were no takers, and now the time has come, it's going straight to auction.