China Resources Land Limited has completed the disposal of 49,500,000 shares in its subsidiary, CR Mixc Lifestyle, through a placing process. The shares represent approximately 2.17% of the total issued shares of CR Mixc Lifestyle as of the date of the placing agreement. The shares were placed to no fewer than six professional or institutional investors at a price of HK$41.70 per share, raising net proceeds of about HK$2.06 billion. The proceeds are intended for land acquisition, development costs, and general working capital. Following the transaction, results of CR Mixc Lifestyle will continue to be consolidated into the group's financial statements.
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