According to the Ali Asset Platform, the land use rights and projects under construction for the “Evergrande Hongqiao International” project will be auctioned at 10:00 on August 31. The starting price is about 7.843 billion yuan, the security deposit is 400 million yuan, and the price increase is 5 million yuan. The bidding period is 1 day. The target entity, Shanghai Hongyuan Shengshi Investment and Development Co., Ltd. was established on December 28, 2011. It was initially jointly funded by Shanghai Red Star Macalline, Shenzhen Shengshi Vientiane Investment Management Co., Ltd., and Shenyang Shouyuan Investment Management Co., Ltd., with a registered capital of 200 million yuan. The shareholder changed to Evergrande Real Estate in 2018.

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