China Resources Land Limited recently announced the successful completion of a share placement of its holdings in China Resources Mixc Lifestyle Services Limited. The placement, executed on the 17th, involved a total of 49.5 million shares at HK$41.7 per share.

According to the announcement, the placed shares represent approximately 2.17% of China Resources Mixc's total issued shares held by China Resources Land as of the placement agreement date. The shares were allocated to no fewer than six independent professional, institutional, or other investors.

The net proceeds from the placement amount to approximately HK$2.061 billion. China Resources Land stated that the transaction provided an opportunity to unlock investment value and optimize its asset structure.