CCB Substantial Achievements in Debt-Repaid Assets Auction in First Half Year
Published time：2005-07-19
China Construction Bank (CCB) continued to take great efforts in non-performing loan disposal to improve asset quality and deepen shareholding reform. As of the end of June, 26 CCB branches successively held 209 debt-repaid assets auctions, with the debt-repaid assets of RMB 739 million and the realized value of RMB 299 million or the realized value ration of 40.40%.
These auctions of this year improved campaign schemes, compared to the past auctions, and as a result, the value of debt-repaid assets was boosted. For instance, the floor price of biddings was nailed down in line with the market. Auctioneers risk awareness and responsibilities were also enhanced. CCB also actively cooperated with more than one auction institution to organize joint auction, and chose partners through competition to ensure auctions fairness and realize the debt-repaid assets value in its maximum. CCB Yunnan Branch organized a joint auction with multi-auction institutions to sale a large-scale debt-repaid asset with the value of RMB 267.92 million. This auction attracted many strong purchasers eyeballs and dealt at a comparatively high price, with the realized value of RMB 117 million.
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