Rendong Holdings to auction assets for debt restructuring

Rendong Holdings Co., Ltd. (SZSE:002647) has announced it will auction off several assets as part of its court-approved restructuring plan, aimed at improving its asset structure and financial health. The assets being auctioned include the company's 3.0236% stake in Beijing Haidian Technology Financial Capital Holding Group, its 70% stake in Minsheng Leasing Co., Ltd., and the 12.2298% equity interest in Shanghai Weijie Information Technology Services Co., Ltd. held by its subsidiary, as well as the 25% stake in Tianjin Minsheng International Financial Leasing Co., Ltd. held by its indirect subsidiary Minsheng Financial Holdings (Hong Kong). The auctions are scheduled to begin May 28, 2025, on the JD.com auction platform. The starting bid for Beijing Haidian Technology Financial Capital Holding Group equity is CNY 41,809,253.86 and for the Minsheng Leasing Co., Ltd equity is CNY 52,937,640.87. Rendong Holdings emphasizes that the auction outcome remains uncertain and will keep investors informed.