On 9 December 2020, China Resources Mixc Lifestyle Services Limited (“CR Mixc Lifestyle” or the “Company”; 1209.HK), the eighth Hong Kong listed company under China Resources Group (“CR Group”), was officially listed on the main board of the Hong Kong Stock Exchange (“HKEX”). The listing ceremony was graced by CR Group leaders Wang Xiangming, Ma Lu, Li Fuli and Pan Fu, former chairman Dr Fu Yuning, executives of group departments, China Resources Power, China Resources Land (“CR Land”) and CR Mixc Lifestyle, as well as the sponsor team, cornerstone investors, agencies, business partners and media.
Chairman Wang Xiangming and senior executives at CR Land jointly sounded the gong on the 66th floor of China Resources Building to announce the official listing and trading of CR Mixc Lifestyle in Hong Kong. A spin-off from CR Land (1109.HK), CR Mixc Lifestyle offered 550 million shares at HK$22.30 each, assuming that the over-allotment option is not exercised. After deducting the underwriting commission payable for the global offering and other estimated expenses, the net fund raised was approximately HK$12 billion.
Based on the offer price and the cornerstone investment agreements, the Company allotted and issued 225,989,200 shares to seven cornerstone investors, including Government of Singapore Investment Corporation (GIC), Hillhouse Capital, Ping An, CDH Investments, Matthews Funds, China Structural Reform Fund (CSRF) and GLP.
The establishment of CR Mixc Lifestyle by spinning off the commercial operations and property management businesses from CR Group and CR Land marks a strategic move to adapt to the new era and drive new development. CR Mixc Lifestyle is characterized by a comprehensive range of businesses, customers, products and services, and is committed to building a lifestyle service platform covering life, shopping and work. Upon successful listing, the Company will focus on accelerating its business landscape, constantly improving its service quality, and proactively embracing the trend of digitization and intelligence. By injecting new impetus to its services, the Company aims at advancing the sector with its robust, sustainable and high-quality developments, fulfilling the dreams of its customers, generating attractive returns for its shareholders and creating more value for its employees.