Auctioning of a workshop of Tangshan yilong t

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Posted by The Equity Auction Company of HeBei Province on November 11, 2002 at 02:55:10:

Auctioning of a workshop of Tangshan yilong textile group corporation

Our Hebei Equity Auction Company has received a commission from the bank to auction off the dye finishing workshop belonging to Tangshan yilong textile group corporation, including factory buildings, equipment, and rights to use the land in accordance with the law. This facility lies in the western Fengnan economic and technological development district with good transport links, and complete infrastructure.The area of land is 11794.34 square meters with rights to use. The factory building is of a frame structure ,the area is about 6333 square meters. Inside there is complete and intact calico printing and dye equipment imported from Korea. For more details, please see the inventory. Having been in for four years, the factory is neat, the workshop is intact and spacious , and the equipment is well maintained. Now it is running quite orderly. Because financial institutions can't manage the industrial enterprise directly, according to policy regulation, they must trust the auction organization to sell it at auction both at home and abroad openly. The auction asking price is lower than the appraisal price by a wide margin.
In addition, Tangshan yilong textile group company is an enterprise with assets of 600 million yuan built in the beginning of the 1990s. The production equipment used were all imported from France, Italy, Japan etc.. The annual output is above 600 million yuan. The company is willing to cooperate with foreign investors by way of lease,joint venture or purchase.

Name: The Equity Auction Company of HeBei Province
Add: No. 100 North Jianshe Road, Tangshan City ,Hebei Province,China
Postcode:063000
Tel:86 315 2055080
Fax:86 315 2055082
E-mail:tsgzpm@heinfo.net
http://www.hbgzpm.com


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