On May 11th, Sam's China (hereinafter referred to as "Sam") responded to an economic observation report regarding the outstanding rent of 8.8749 million yuan at its Nanjing Yuhuatai store: "Sam's Nanjing Yuhuatai store has been strictly paying rent on time according to the contract. Due to financial issues involving the owner, our company has strictly suspended payment as required by the court, cooperated with judicial enforcement, and will pay rent after being notified by the court. There is no intentional rent arrears

According to Alibaba's auction platform, the real estate properties of one and two bedrooms in Building 8, No. 109 Software Avenue, Yuhuatai District, Nanjing City, Jiangsu Province, will begin auction on May 25th. As of press time, the auction page has received 10364 views and no registrations. The asset appraisal price is 1.149 billion yuan, the starting price is 804 million yuan, and the owner is Nanjing Fengsheng Dazu Technology Co., Ltd. The asset has been seized at present.

The lease list attached to the auction page shows that there are 61 tenants in total, most of whom have a lease term of less than 10 years, of which Decathlon and Sam's Club have the longest lease term of 20 years. The auction information shows that Wal Mart (Jiangsu) Commercial Retail Co., Ltd. (Sam's Club) has a lease area of 20207 square meters, a lease term of 20 years and a lease expiration date of August 22, 2037. From the perspective of rent payment, 53 merchants have already paid rent, and 8 have outstanding rent. Among them, Sam's Club owes approximately 8.8749 million yuan, making it the merchant with the most outstanding rent.

Screenshot of Lease List

On the Meituan platform, the location corresponding to "109 Software Avenue, Yuhuatai District, Nanjing City, Jiangsu Province" is the "Yuhua Living Room E-PARK" shopping mall. According to the Meituan platform, the mall is still in operation, and the Sam's Club is also showing normal operations. Data shows that in August 2017, Sam's Club (Yuhua Living Room E-PARK store) opened, which is the first Sam's Club in Nanjing and the 17th in the country.

Sam's CLUB, founded in 1983 and headquartered in the United States, is a membership store under Wal Mart. It entered China in 1996. So far, Sam's CLUB has opened more than 60 stores in China.

On May 11th, a reporter from the Economic Observer called E-PARK Mall in Yuhua Living Room, and the staff stated that they were not aware of this matter; Later, when calling the contact number of Nanjing Fengsheng Dazu Technology Co., Ltd. displayed on Tianyancha, the other party refused to answer.