Starting price of 4.329 billion yuan, the first auction of Datong Securities' controlling stake failed.

The first auction of the controlling rights of Great Wall Securities was cold. According to JD Asset Trading Platform, the auction of 51.59% controlling rights of Great Wall Securities on June 30th to July 1st attracted nearly 19,000 onlookers with a starting price of 4.329 billion yuan, but there were no investors bidding throughout the process, and the target eventually failed to sell. The auction target amounted to about 1.703 billion shares, of which 9.16% was held by Huaxin Trust and its subsidiary Haichuanghuitong, and 14.18% was held by Huagen Machinery, corresponding to contract rights. As the most core and high-quality asset of Huaxin Trust, which has been in bankruptcy reorganization for six years, the disposal of this equity directly affects the repayment of more than 3,000 individual investors, and the equity acquirer will be the controlling shareholder. Many analysts in the industry believe that the failure to sell is related to the "overpriced" price of 4.329 billion yuan. However, as a well-established local securities firm in Liaoning, the scarcity of its license will be the core buying point for subsequent transfers.