Wuhan Youji Holdings (2881) published additional information regarding the acquisition of land in Malaysia for around RM36,465,905.71 (approximately RMB61,549,987.70). The purchase price was determined through arm’s length negotiations and guided by a land valuation report prepared by PPC International Sdn Bhd. According to the announcement, recent comparable land transactions in the Tanjung Langsat Industrial Complex area also served as key reference points.

The valuation adopted the comparison method, taking into account factors such as transaction dates, zoning requirements, location attributes, land sizes, and market conditions. Properties with similar industrial uses within the same district were prioritized to maintain consistency in development potential and to ensure that publicly verifiable prices were utilized.

Based on the report, three comparable transactions in the vicinity ranged in transacted prices from RM70.00 to RM76.00 per square foot. In contrast, the acquired site is priced at RM65.00 per square foot, placing it lower than the comparable transactions. The announcement concludes that this purchase price is deemed fair and reflective of prevailing market conditions and is considered to be in the interests of the company’s shareholders.