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Why jiawang district Yihai Kindergarten in Xuzhou City was auctioned?
Failure to repay the loan on time. The property where jiawang district Yihai Kindergarten is located in Xuzhou was purchased by a company in Qingdao, Shandong Province, but the company failed to repay the house on time after the purchase, which led the bank to mortgage the property for auction. Kindergarten is the lessee of real estate, so it is also affected by auction.