Why is Wuxi Jinling Hotel auctioned?

Reorganization and rebirth.

1. Reorganization: The reason for the auction of Wuxi Jinling Hotel is that its affiliated Minshun Industrial Co., Ltd. has entered the bankruptcy reorganization procedure.

2. Rebirth: Jinling Hotel is one of the assets under the name of Poly Real Estate. The success of this auction is expected to help Poly Plaza regain its life.

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