Sunshine (00509) announced that the auction held on August 13, 2024, has ended without a successful bid. The second auction will be held on August 30, 2024.
According to the announcement released by Sunshine (00509), the auction held on August 13, 2024, has ended without a successful bid. The second auction will take place on August 30, 2024.
As disclosed in the annual report as of December 31, 2023, the company will strive to find possible solutions to improve the liquidity of the group, including but not limited to selling non-core businesses or non-core assets of the group. Serpentine is primarily sold as a steel smelting flux, which is not the core business of the group.
As of the date of this announcement, Longteng Company's assets have not been auctioned. The company will timely publish updates on the auction status. Currently, the group's business operations are still ongoing, and the above matters have not had a significant impact on the group's other business operations.