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An announcement from Ling Yue Services Group Limited ( (HK:2165) ) is now available.
Ling Yue Services Group Limited plans to bid on 13 April 2026 for land use rights to a 15,444.39 sq.m. mixed-use site in Xichang, Sichuan, through a public tender run by the Xichang Natural Resources Bureau. The land, designated for both residential and commercial use with a plot ratio between 1.0 and 2.2, carries an official initial bid price of RMB142.71 million and requires a bidding deposit of RMB28.55 million, which the company will fund from internal resources.
If successful, Ling Yue intends to develop the site into commercial and residential properties for sale, capitalizing on its existing property management operations and customer base in Xichang. Management believes the land’s prime location in the city’s eastern district and the healthy local real estate market will support strong demand, positioning the project to generate attractive investment returns and enhance value for shareholders.
More about Ling Yue Services Group Limited
Ling Yue Services Group Limited, listed in Hong Kong, operates a property management services business and has an established customer base in Xichang, Sichuan Province. Leveraging its experience in managing residential communities, the group is extending its presence into property development, focusing on commercial and residential projects in healthy, growing local real estate markets.
Average Trading Volume: 33,522
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$545.7M
Learn more about 2165 stock on TipRanks’ Stock Analysis page.