It was reported that an online auction was held for idle assets of former Chenjia railway on July 16, 2014. Plus 424,100yuan on the basis of starting price of 463,900yuan, the winner got the assets with a price of 888,000yuan finally. This kind of online auction was not only a useful way to maintain and increase the value of state-owned assets, but also a helpful way to deal with idle state-owned assets.

That online auction was started at 15:30 p.m. on that day in online auction trading hall of public equity transaction sub-center of Chenzhou Public Resource Center. The idle assets was divided to following three categories: a batch of rails of Chenjia railway; power-driven double girder crane (2pcs); and some machines and devices as milling machine, turning lathe, and etc. Because the assets were disordered, the auction was handled out as a whole property bidding first, and then divided into pieces. The starting price was fixed as 463,900yuan which was evaluated by professional evaluation company.

9 bidders fought sharply online by increasing the price of 4000yuan per step. The bidder with number of “ hncz0022” provided a price of 888,000yuan at 16:36:41 p.m., and won this auction finally with this price.