The stock market crash is the current speech of the city after us, Asian, Chinese and several other events on Monday. In China, however £4.71 crore) on sale that required buyers to choose reptiles in person.
Objects, famous pieces of painting, cricket are usually at auction. But crocodiles?
Crocodiles originally belonged to the industrial company Guangdong Hongyi Crocodile. The Chinese court built the company’s assets, crocodiles for auction after the company did not fulfill certain financial obligations.
Crocodiles auction in China
The Shenzhen Nanshan Folk Court caught the attention of the public by auction from live crocodiles. The initial offer was set at four million yuan, which is roughly £4.71 crore, reported southern China Morning Post.
The crocodile auction was hosted on the Alibaba Judicial Action Platform. Crocodiles originally belonged to the industrial company Guangdong Hongy Crocodile Industry Company, founded in 2005 MO Junrong, SCMP informed.
“Crocodile God” does not fulfill the financial obligations
MO, nicknamed “Crocodile God” registered capital more than 50 million yuan ( £5 crore).
However, the company did not fulfill its financial obligations after which the Chinese court confiscated crocodiles and put them in auction.
The crocodile auction began on March 10 and will take place in May 9.
Details of Crocodile
The auction reptiles are Siamonic crocodiles who have been legally bred and traded in China since 2003.
Since the Siamese crocodile usually weighs between 200 and 500 kilograms, 100 tons of crocodiles would probably consist of about 200 to 500 individual reptiles.
Why are crocodiles profitable?
Crocodil Farming is profitable due to high demand for crocodile meat and skin, with meat a source of exotic protein and leather used for luxury leather goods and also for medicinal purposes.
In addition to their skin and meat, crocodiles are also sought for their bones, teeth and even blood that are used for traditional medicines and other purposes.
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