Zhengzhou’s former landmarks are now foreclosed on. Why is this happening?

According to news media reports, this time, the former Zhengzhou landmark Yuda International Trade Center has been listed for auction. In fact, the main reason for this is that the company behind him has always wanted to buy Yuda International Trade and its affiliated hotels, considering that they cannot make a profit all year round. Such news has spread before, but it has never been confirmed. However, it can now be seen from many official channels that Yuda Company is indeed auctioning its Yuda International Trade. After this news was reported, it immediately attracted great attention from many people in Henan. After all, as a landmark building, it has been a symbol of Zhengzhou for many years before. So today we will discuss why it is being auctioned.

First, it has been poorly managed for many years.

According to the annual report he gave previously, it can be seen that Yuda International Trade Hotel only maintained prosperity for a short time after it started operating. Although the Yuda International Trade Hotel is still in normal operation, when interviewed, the staff said that they did not know that the hotel had begun to participate in the auction. The annual report once showed that Yuda International Trade had suffered serious losses in 2004. By 2010, it had stopped disclosing the reasons for the losses. In fact, it can be seen from this that the accounts at that time should be very ugly. of. It's just that Yuda International Trade attaches great importance to the hotel, so it did not close it, but maintained its operation through the company's assets.

Second, insolvency.

It can be seen from this auction that although Yuda International Trade has lasted for more than 20 years and only has half of its operating time left, the auction amount is still very high. However, considering that the prices of commercial real estate in the middle are now on a downward trend, many people think that the auction price this time has too much water, so such a price may not be successful in the auction, and there may even be a flow of money. shooting phenomenon.

Third, how do you view such an auction?

Although Yuda International Trade Center was once a landmark building, in fact, in its development function over the years, it was mainly because at the beginning, Zhengzhou did not have relatively high-end commercial real estate, so it was smarter at the time. . However, after entering the new millennium, Zhengzhou's development speed was very fast, so Yuda International Trade was far from its original prosperity and lost its political ability and power, which led to the auction environment now. Moreover, it can be seen from the execution at that time that Yuda International Trade has been included in the list of dishonest companies many times, and the amount of compensation he needs to pay has far exceeded its auction price. This is a normal commercial auction, and it also witnesses the passage of an era.