Xinjiang Qianhai Union Property Insurance 20% Stake Fails to Sell at Judicial Auction on May 23

GateNews
On May 23, Xinjiang Qianhai Union Property Insurance's 20% equity stake held by Qusheng Hua Co., Ltd. failed to sell at public auction on Alibaba's judicial auction platform, despite one registration. The stake received no bids. According to Beijing Financial Court, the equity was valued at 44 million yuan with a starting bid of 30.8 million yuan, representing a 30% discount. The stake remains frozen by the court.
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