The trustee of Hoku Corporation filed a motion in the US Bankruptcy Court for the sale of debtor's certain assets on November 19, 2013. The trustee seeks the Court's approval for the sale of debtor's manufacturing facility in Pocatello, Idaho to the highest bidder. To qualify as a qualified bidder, interested parties should submit a deposit of $0.25 million by December 16, 2013 with the trustee.

The trustee has scheduled an auction on December 17, 2013. The bidding at the action shall begin at $5 million. At the auction, the subsequent bids would be in increments of $25,000.

Each bid is subject to a buyer's premium of 10%. The sale hearing is scheduled for December 17, 2013.