The administrators of bankrupt Zhejiang Haizhou Shipyard has listed the entire assets of the shipyard for auction as part of the liquidation process.
The auction will be held online on January 13, with a starting price of RMB808m ($115.8m).
Haizhou Shipyard, once one of the largest ship repair yards in China, filed for bankruptcy in January 2019 and has been looking for new investors.
In the first creditors’ meeting, 396 creditors of the shipyard requested repayment of RMB3.36bn ($490m) of debt in total.
