Assets of steel enterprises listed for auction in Hefei

On March 20, the assets of four bankrupt steel enterprises based in Hefei in China's Anhui Province were listed for auction at Hefei Tender and Bidding Center, as reported by local media.
 
The enterprises in question are Hefei Iron & Steel (Group) Co., Hefei Iron & Steel Co. Ltd., Hefei Iron & Steel holding Co. and Hefei New Iron & Steel Co. The assets to be auctioned include stores, buildings, machinery and equipment, and vehicles. The overall aggregate base price for the assets has been set at RMB 425 million ($67.46 million).