On August 2, a property auction in China sparked widespread online attention due to its astonishingly low price.
A factory valued at 130 million yuan was sold by the court for just 18,000 yuan—less than two ten-thousandths of its market value. A lawyer in China commented on the situation.
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China’s Court Sells ￥130M Plant for ￥18K: Numerous Business Leaders Charged, Forced Equity Handovers
