Ling Yue Service Group Fails to Secure Land in Sichuan Province Auction
Stock News
Jun 23
Ling Yue Ser GP (HKEX: 02165) has announced an update regarding its proposed participation in a public tender for the land use rights of a plot being sold by the Planning and Natural Resources Bureau of Xindu District, Chengdu City, Sichuan Province.
The company was not the successful bidder in the proposed land acquisition tender. The bid deposit of RMB 42.79 million has been refunded in full to the company without any deduction of interest or fees.
The group stated it will continue to seek other investment opportunities to generate potential investment returns and create greater financial value for the company and its shareholders.
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