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Zodi Investment Unit Gets Court Order to Auction Property

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Beijing Zodi Investment's (SHE:000609) unit, Chongqing Zhongmei Heng Real Estate, received a court order to auction its property as part of a construction contract dispute, according to a Shenzhen bourse filing on Thursday.

In 2023, China Construction First Group sued the Chinese real estate developer for unpaid dues for the construction of the Liangjiang Zhongdi Plaza.

Chongqing First Intermediate People's Court ordered to auction the property in Renhe Area, Northern New District, Chongqing, China as part of Zhongmei Heng's settlement with China Construction First.

The starting price for the auctioned property is 622.5 million yuan.

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