LING YUE SER GP(02165.HK): Unsuccessful Tender for Sichuan Land in Public Bidding; Tender Deposit Fully Refunded
NewTimeSpace News: Ling Yue Services Group Limited (02165.HK) announced on 3 August that it failed to win the public bidding for the land use right in Xichang City, Sichuan Province. The tender deposit of RMB8.33 million has been fully refunded without interest and deductions. The Company will continue to search for investment opportunities.
NewTimeSpace News: On 3 August 2026, Ling Yue Services Group Limited (02165.HK) issued an announcement, stating that the Company was not the successful bidder in the public bidding for acquisition of land use right in Xichang City, Sichuan Province. The tender deposit amounting to RMB8.33 million has been fully refunded without interest and deductions.
The Company previously announced on 2 August 2026 its intention to participate in the public bidding for the land. The Company stated that it will continue to identify investment opportunities to generate potential investment returns and deliver enhanced financial returns for the Company and its shareholders.
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