Lygend Resources & Technology Co., Ltd. Class H (HK:2245) has released an update.
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Lygend Resources & Technology Co., Ltd. has provided additional details regarding the valuation of a land use right and related construction works, with a total consideration of RMB57,163,028.93. The valuation was based on a market approach, considering recent comparable transactions in the same area, which was determined to be the most appropriate method given the current market conditions and the commercial use of the land in question. The independent valuer selected three comparable market transactions to determine the most accurate value for the land.
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