Mainboard-listed The Place Holdings, announced on May 5, that its land site has been assessed and revalued at RMB481 million ($99.2 million), 329% higher than the valuation of RMB112 million as at Sept 30, 2020.

The revaluation was done by Chinese valuation company WorldUnion Property Assessment Co.

The site is held by the group’s subsidiary, Tianjie Yuntai Wanrun (Xiuwu) Property Development.

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