A 40-year-old agarwood tree has been found abandoned in a Sai Kung car park after it was cut down and some of its branches stolen.
Thieves might have targeted it for resin, commonly used as adhesive and glazing agent, which could fetch HK$10,000 per gram on the black market, Headline Daily reports.
Agarwood trees produce resin when cut, helping repair the damage, and are also prized as timber.
The tree, about 10 meters tall and 50 centimeters in diameter, had provided a leafy shade in Pak Kong Au Tsuen in Sai Kung besides giving off a calming effect with its fragrance, villagers said.
Several agarwood trees in the neighborhood have been targeted in recent years.
This tree survived major damage two years ago when suspected thieves attacked it, they said.
The fallen tree clipped two cars, causing minor damage and setting off alarms which forced the suspects to flee, police said.
A local resident, surnamed Yung, planted an agarwood seedling where the mighty tree once stood.
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