What happened to the cancellation of the auction of Sichuan Yongxing Electronics Co., Ltd.?

Yinhe Tiancheng Group went bankrupt and reorganized.

Sichuan Yongxing electronic auction is suspended, and the subsequent probability is that Yinhe Tiancheng Group will go bankrupt and reorganize, so that Yinhe Tiancheng Group can pay Shanghai Zhuo Bo and the guarantee can be lifted.

Auction refers to the way of buying and selling specific goods or property rights to the highest bidder in the form of public bidding.