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Three cargo planes were available for bidding. They were previously owned by Jade Cargo International Co. Ltd., a Sino-German cargo company that filed for bankruptcy at the Shenzhen Intermediate People’s Court in 2013.
The court’s auditors found that Jade Cargo had assets totaling around 1.7 billion yuan, but debt amounting to around 4.7 billion yuan as of Sept. 17 JuJu Smith-Schuster Jersey , 2013.
The main assets owned by Jade Cargo were three Boeing 747 cargo planes and 11 engines. Since Oct. 26, 2015, the auditors had carried out six auctions to sell the cargo planes, but none of the auctions sold the planes .
The auditors resorted to an online auction with a starting price of 390 million yuan. Under the court’s guidance T. J. Watt Jersey , all three cargo planes, along with the engines, were put onto Alibaba’s online auction platform.
At 10 a.m. Monday, the auction for the planes registered as B-2421 (including 3 GE engines) Le'Veon Bell Jersey , B-2422 (including 4 GE engines) and B-2423 (including 4 GE engines) began. The starting prices were 122.6 million yuan, 134 million yuan and 135 million yuan, respectively.
The B-2421 cargo plane was parked at the Shenzhen airport while the other two were parked at Shanghai Pudong International Airport. The auctions attracted nearly 800,000 viewers online.
After 26 rounds of bids Antonio Brown Jersey , SF Express bought the B-2422 for 160.78 million. The logistics giant also nailed down the B-2423 for 162.04 million after 27 rounds of bids.
One of the auctions failed because only one buyer registered a bid, the court said.
According to Long Guangwei, deputy director of Shenzhen Intermediate People’s Court, buyers were required to pay various amounts of deposits before the auction.
It has become a trend for courts to hold online auctions since 2012 when the Supreme People’s Court launched a trial online judicial auction. In August 2016 Wholesale Steelers Hats , the court gave an official judiciary explanation of online auctions. Since the beginning of this year, courts around the country have started to launch online judicial auctions.
So far, Alibaba’s online auction platform has auctioned off 330,000 items with a trade volume of 460 billion yuan.
Luo Weixing Wholesale Steelers Hoodies , the general manager of the auction department at Alibaba Group, said that the online judiciary auction is an innovative method that can fully protect the stakeholders’ interests with a fair, open and efficient system. (Zhang Qian)
LUSAKA, Aug. 8 (Xinhua) -- Zambian President Edgar Lungu will concede defeat if he loses next week's elections, a ruling party official said on Sunday.
Frank Bwalya, deputy spokesperson of the Patriotic Front (PF), said the Zambian leader will respect the will of the people if he loses the August 11 polls because he was a man of his words.
He told QFM radio that the ruling party will respect the will of the people and that Lungu will not hesitate to hand over power.