In December 2003, Shanghai Yutong proceeded against Zhengzhou Finance Bureau and got 90% of equity of Yutong Group through judicial auction.
2003年12月,上海宇通将郑州市财政局告上法庭,通过司法拍卖,上海宇通拍得了宇通集团90%的股权。
参考来源 - 郑州宇通客车股份有限公司MBO案例研究·2,447,543篇论文数据，部分数据来源于NoteExpress
本案例对宇通客车M BO过程进行了比较详尽的描述，作者对宇通客车M BO的政策环境、资金来源、信息披露、收购定价、司法拍卖的公正性进行了剖析。
This case describes the process of MBO of Yutong Bus in detail. The author analyzes policy environment, buyout pricing, capital origin, information disclosure and judicial auction in this case.
执行法院与拍卖机构之间是司法协助关系而不是民事委托关系，买受人通过拍卖原始取得拍卖物的所有权。
The relationship between the executive court and the auction organization is not the civil assignment but the judicial help relation, the buyer obtains originally the ownership of thing by auction.
法院强制拍卖行为是一种国家司法行为，具有“公力救济”的性质。
The court compulsory auction is a kind of national judicial act, which has the property of "public remedy".
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