LING YUE SER GP (02165) has announced that its proposed acquisition of a land use right through a public tender, offered for sale by the Natural Resources Bureau of Xichang City, was not successful. The bid bond of RMB 28.55 million has been fully refunded to the company without interest or deductions. The company will continue to seek investment opportunities to generate potential investment returns and create greater financial value for the company and its shareholders.
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