WM Motor’s Claims, Valued at Nearly 130 Million Yuan, Sold for a Mere 93,500 Yuan with Starting Bid of Just 100 Yuan
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Author:小编   

At 16:54 on April 28, data from the Taobao Ali Auction platform revealed that following the bankruptcy liquidation of WM New Energy Vehicle Procurement (Shanghai) Co., Ltd., a subsidiary of WM Motor, a total of 24 external accounts receivable claims—collectively valued at 127.5 million yuan in their books—were ultimately auctioned off for 93,500 yuan. The auction, which commenced on April 27 with a remarkably low starting price of 100 yuan, drew the attention of 100 bidders and over 100,000 onlookers. After 332 rounds of bidding, the claims were secured by a bidder surnamed Zhang. The debtors associated with these claims include renowned companies such as Bosch Automotive and Hella Electronics; however, it is important to note that there are no original documents available, and there is no assurance regarding the recoverability of these debts.