After several days of auction, 20 bidders competed. The bankruptcy liquidation equity auction of 542857% equity of Yajiang snowway Mining Development Co., Ltd. held by Chengdu Xingneng new materials Co., Ltd. fell on May 21. According to the auction confirmation issued on May 21, the buyer was Tan Wei, and the transaction price of the subject matter reached 2.002 billion yuan. It is reported that the bid winning company will pay a cost of nearly 2.85 billion yuan at the price of 2 billion yuan and the debt of 850 million yuan under the corresponding equity.