LING YUE SER GP (02165.HK): bid for Guangyuan land unsuccessful

On 10 November 2026, LING YUE SER GP (02165.HK) said it failed to win the Guangyuan land tender and its RMB 43.522 million bid deposit was refunded in full.
Key Highlights:
  • The land use rights were offered by the Guangyuan Natural Resources Bureau, with the tender first announced on 6 November 2026.
  • The bid deposit of RMB 43.522 million was refunded without interest and free of charges.

NewTimeSpace News: On 10 November 2026, Ling Yue Services Group Limited (stock code: 02165) updated the market on its proposed acquisition, through open tender, of land use rights in Guangyuan City sold by the Guangyuan Natural Resources Bureau, as first announced on 6 November 2026. The company did not win the tender.

Its bid deposit of RMB 43.522 million has been refunded in full, without interest and free of charges. The company said it will continue to look for investment opportunities to generate returns for shareholders.

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