Datong Securities' 51.59% controlling stake was again auctioned off with a starting price discounted by 20%, but still no one showed interest.

According to the JD Asset Trading Platform, the second auction of 51.59% controlling stake in Datong Securities ended at 12:00 today, as there were no investors bidding, resulting in a no-sale. The starting price for this auction was 3.463 billion yuan, a 20% discount from the initial auction price of 4.329 billion yuan. The number of spectators was about 13,700, a decrease of nearly 28% from the initial auction. The total target shares are approximately 1.703 billion, held directly by Huaxin Trust, held by subsidiary Haichuang Huitong, and related contract rights held by Huagen Machinery. Market observers point out that the second auction price is still higher than the reasonable valuation range, and if it continues to fail to sell, there may be a need for agreement on transfer or disposal.