CR Mixc definition
Examples of CR Mixc in a sentence
The Board is pleased to announce that on 12 December 2024 (after trading hours), the Company and CR Mixc entered into the Property Management and Commercial Operation Services Framework Agreement, pursuant to which CR Mixc Group will provide property management services and other commercial operation services to the Group from 1 January 2025 to 31 December 2027, both days inclusive, the principal terms of which are set out below.
On 29 December 2023, the Company and CR Mixc Lifestyle (and its subsidiaries as service provider) entered into the Value-Added Services Framework Agreement, and accordingly, set the annual caps during the term of the Value-Added Services Framework Agreement.
CR Mixc Lifestyle Group is mainly engaged in the provision of residential property management services and commercial operational and property management services in PRC.
As at the date of this announcement, CRC (a controlling shareholder of the Company) indirectly holds approximately 73.72% equity interests in CR Mixc (a company listed on the Stock Exchange, stock code: 1209).
As at the date of this announcement, (1) CR Mixc Lifestyle is held as to approximately 72.29% by China Resources Land Limited; (2) China Resources Land Limited is indirectly held as to approximately 59.55% by CRH, which is in turn indirectly wholly owned by CRC, the controlling shareholder of the Company.
In compliance with the Listing Rules, the Company has been closely monitoring the continuing connected transactions between the Group and CR Mixc Lifestyle Group through various internal control measures.
Accordingly, under Chapter 14A of the Listing Rules, CR Mixc Lifestyle is a connected person of the Company and the transactions contemplated under the Value-Added Services Framework Agreement constitute continuing connected transactions for the Company.
CR Mixc Lifestyle is a limited liability company incorporated in the Cayman Islands on 18 May 2017, whose shares are listed and traded on the main board of the Stock Exchange (stock code: 1209).
As at the date of this announcement, (1) CR Mixc Lifestyle is held as to approximately 72.29% by China Resources Land Limited; (2) China Resources Land Limited is indirectly held as to approximately 59.55% by CRH, which is in turn ultimately owned by CRC.
CRC, the ultimate beneficial owner of the Company and CR Mixc Lifestyle, is a company established in PRC with limited liability and is a state-owned enterprise under the supervision of the State-owned Assets Supervision and Administration Commission of the State Council of PRC.