LQDT Liquidity Services

AllSurplus Conducts First Sale in China for Global Energy Leader

AllSurplus Conducts First Sale in China for Global Energy Leader

More than 60 unused Sumimoto assets are available in Shanghai, China

BETHESDA, Md., Aug. 26, 2024 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ: LQDT), a leading global commerce company powering the circular economy, has partnered with Aaron Industrial Solutions (AIS), a global equipment auction, liquidation, and asset management company, to sell unused assets and equipment on behalf of a global leader in industrial, process, and specialty gases. The sale, which marks the first of a series of sales for the global energy leader in China, contains more than 60 unused Sumimoto cryogenic aluminum brazed fin heat exchangers designed for various services, which are currently available until 4:00 am EDT on August 31, 2024 on , the leading online marketplace for surplus business assets.

“It’s an honor to be hosting our first sale with this global energy organization,” said Liquidity Services Managing Director, APAC, Hugh Yu. “We had many detailed discussions before the sale's launch, and we plan to leverage our local and global resources to make this first event a success. This marks the first of many more sales to come from this partnership.”

The online sales contain a mix of high-value, unused Sumimoto assets including , , , and more. All available assets are built to American Society of Mechanical Engineers (ASME) code and are National Board registered.

“We are proud to have earned the trust of the equipment owners and to have been appointed to dispose of these surplus assets,” added Aaron Industrial Solutions Managing Director Peder Grimstrup. “We have a responsibility towards society and the environment, and the closure of this project will be carried out under the premise of sustainability.”

To place a bid, buyers must create an account by completing the free registration form at .

About AllSurplus

is the world’s leading online marketplace for surplus business assets, ranging from heavy equipment to transportation and industrial machinery. AllSurplus is the smartest, fastest way to sell inventory and equipment as sellers can directly launch and manage their listings in just days with more control and lower fees than traditional auction solutions. AllSurplus is powered by one of the most experienced and trusted companies in the surplus industry: Liquidity Services (NASDAQ:LQDT), which has supported millions of customers across the globe. AllSurplus buyers have direct access to all the surplus assets across Liquidity Services’ network of marketplaces in one centralized location.

About Aaron Industrial Solutions

(AIS) offers industrial equipment auctions, liquidation sales, and asset management services to businesses needing to liquidate or transfer their surplus assets. With more than 80 years of experience in the buying and selling of industrial assets in all verticals, AIS works with its channel partners to provide onsite and online auction events, liquidations, private treaty sales and other creative ways to maximize and monetize surplus assets.

Contact:

Liquidity Services, Inc.

Public Relations



EN
26/08/2024

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Liquidity Services

 PRESS RELEASE

Major Oil and Gas Partner to Sell Drilling Rigs on AllSurplus Marketpl...

Major Oil and Gas Partner to Sell Drilling Rigs on AllSurplus Marketplace The sale features over 30 workover rigs located in West Texas BETHESDA, Md., Sept. 04, 2024 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ: LQDT), a leading global commerce company powering the circular economy, has been selected by one of the largest oil and gas exploration and production companies in the U.S. to sell more than 30 Cameron, Watson Corsair, Rig Works, and Franks workover rigs and associated surplus assets in West Texas. The rigs are available through a sealed bid event that runs until September 12t...

Liquidity Services Inc: 4 directors

Three Directors at Liquidity Services Inc sold after exercising options/sold 20,980 shares at between 22.225USD and 22.540USD. The significance rating of the trade was 48/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades b...

 PRESS RELEASE

Major Integrated Oil and Gas Corporation to Sell Unused Energy Assets ...

Major Integrated Oil and Gas Corporation to Sell Unused Energy Assets on AllSurplus Marketplace The auction features 3 uninstalled ANGI compressed natural gas refueling stations BETHESDA, Md., Aug. 28, 2024 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ: LQDT), a leading global commerce company powering the circular economy, today announced the sealed bid auction of energy surplus assets for a leading integrated oil and gas partner. Three unused, uninstalled ANGI compressed natural gas (CNG) refueling stations are currently available until 6:00 pm EDT on September 12, 2024 on , the lead...

 PRESS RELEASE

AllSurplus Conducts First Sale in China for Global Energy Leader

AllSurplus Conducts First Sale in China for Global Energy Leader More than 60 unused Sumimoto assets are available in Shanghai, China BETHESDA, Md., Aug. 26, 2024 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ: LQDT), a leading global commerce company powering the circular economy, has partnered with Aaron Industrial Solutions (AIS), a global equipment auction, liquidation, and asset management company, to sell unused assets and equipment on behalf of a global leader in industrial, process, and specialty gases. The sale, which marks the first of a series of sales for the global energy l...

 PRESS RELEASE

High-Value Energy Equipment Assets for El Dorado Gas and Oil to be Sol...

High-Value Energy Equipment Assets for El Dorado Gas and Oil to be Sold by AllSurplus and Tiger Group The fifth in a series of court-ordered auctions, more than 230 lots of sand kings, frac pumps, nitrogen pumpers, and more are available until August 28 BETHESDA, Md., Aug. 23, 2024 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ: LQDT), a leading global commerce company powering the circular economy and Tiger Group, a major asset valuation, advisory and disposition services provider, have announced the fifth auction in a series of court-ordered auctions related to the bankruptcy of natio...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch