With the record-setting auction of four chunks of land and the buildings and facilities on them in Dongguan, fetching ￥566 million, at 12:15 September 19, 2018 via our judicial auction platform, the property we e-auctioned this year has exceeded ￥800 million.

These chunks of land is located in Duxi Village in Shatian Town of Dongguan City, covering about 210,000 square meters, and their exceptional geographical locations have made these chunks of land and the buildings and facilities on them, or Jinming Assets, one of the high quality assets in Guangdong-Hong Kong-Macao Greater Bay Area, which include land use rights of these pieces of land, related buildings, docks, 78 oil tanks, oil pipeline grids, machinery, supporting facilities for firefighting, environmental protection and storage.

On May 31, 2018, Intermediate People’s Court of Dongguan Municipality entrusted GZMC to disposed of “Jinming Assets”. Just in four months, the maritime execution center of GZMC has completed registration, evaluation and auction of the asset. The auction process like a war without gunpowder, after more than 4 hours and 200 rounds of biding, a local enterprise of Dongguan successfully won the bid of “Jinming Assets”.