Assets of Shandong Haolong Group to be Auctioned

The people’s court of Dongying, Shandong province, will auction all the properties and machineries of Shandong Haolong Group soon.

The object locates in the northern side of Guangkai road, Guangrao economic development zone of Shandong province, covering an area of 127,152 square meters, and the properties take an area of 63,756.96 square meters. Relevant assets include machineries, vehicles, electronic equipment and office facilities.

The auction is scheduled to be held on 14:30 Jan. 17, begins at 114.83 million yuan, and the bidding deposit is to be 11.48 million yuan.

Shandong Haolong Group once owned Deruibao Tire and Shandong Haolong Rubber Tire.

Part of assets of Deruibao Tire and Shandong Haolong Rubber Tire was auctioned on Nov. 25, 2016.

The objects auctioned then locate in the northern side of Guangrui road, Guangrao economic development zone of Shandong province.

The construction area of houses of Deruibao Tire was 388,124.32 square meters, the land area was 349,612 square meters, and the assessed value was 537.61 million yuan.

The assets of Deruibao Tire include machineries, vehicles, electronic equipment and trademarks, and the assessed value was 39,004.81 yuan.

The assets of Shandong Haolong Rubber Tire include machineries, electronic equipment, and the assessed value was 27,284.23 million yuan.

Finally, after 95 bids, the object was bought by Shandong Hengfeng Rubber & Plastic for 89,100 yuan.