Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizens Daniel Wu in South China, rain and snow for the delivery of clues! CTOnews.com September 19 news, the Beijing property Exchange website shows that Baowo Automobile (China) Co., Ltd. bankruptcy liquidation property disposal announcement. On April 20, 2023, Beijing No. 1 Intermediate people's Court ruled to accept the bankruptcy liquidation case of Bowo Automobile (China) Co., Ltd. (referred to as "Bowo China"), and appointed Bowo China liquidation team as Bowo China administrator on the same day. On August 4, 2023, an intermediate people's court in Beijing declared Bowo China bankrupt, and the administrator disposed of Bowo's Chinese property in accordance with the law.

The manager openly conducted the disposal activities through online bidding through the litigation asset platform at the Beijing property Exchange from 10:00 on September 26 to 10: 00 on September 27 (except the delay period).

Auction target

Bowo China has 798 patents. (fifth auction)

Evaluation: 1578735.00 yuan; starting price: 646649.86 yuan; margin: 50,000 yuan; price increase: 5000 yuan (or integer times)

CTOnews.com previously reported that Foton Motor announced last year that Beijing Baowo Automobile Co., Ltd. was officially declared bankrupt.

The announcement said that on April 22, 2022, the Beijing No. 1 Intermediate people's Court ruled to accept the bankruptcy liquidation application of Bowo Motor, and held that according to the results of the confirmation of creditor's rights and the situation of the debtor's assets confirmed by evaluation, Bowo Motor Company is unable to pay off its maturing debts and its assets are obviously smaller than its liabilities and not enough to pay off all its debts. So far, no application for restructuring or reconciliation has been submitted. To sum up, Baowo Automobile Company already has the legal conditions to declare bankruptcy, declaring the bankruptcy of Beijing Baowo Automobile Co., Ltd.

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