South Korea-financed yard STX Dalian Shipbuilding is planning to hold a fresh auction later this month, aiming to sell its assets in Dalian city, in northeast China’s Liaoning province, writes Xu Yihe.
The auction will be the fifth such attempt since it entered a liquidation process in March 2014.
The previous attempts all failed to attract interest, with no bidder ready to buy the assets as the yard is burdened with liabilities totalling as much as 35 billion yuan ($5.56
