China Resources Land sells stake in Mixc Lifestyle

China Resources Mixc Lifestyle Services Limited announced its controlling shareholder, China Resources Land Limited (CR Land), has agreed to place 49,500,000 existing ordinary shares. The shares, representing approximately 2.17% of the company's total issued shares, will be placed at a price of HK$41.70 per share. The placing agent for this transaction is UBS AG Hong Kong Branch, with placees being professional institutional and other investors independent of the company.

Following the completion of the placing, CR Land's interest in China Resources Mixc Lifestyle Services Limited will decrease from approximately 72.29% to approximately 70.12% of the total issued shares. The ultimate controlling shareholder, China Resources Company Limited, will also see its indirect interest reduced to approximately 71.55%.

The board does not anticipate any adverse impact on the company's operations or its subsidiaries as a result of this placing. Shareholders are advised to exercise caution due to investment risks.