China Resources Mixc Lifestyle Services Limited (“China Resources Mixc Lifestyle Services” or “Company”, 1209.HK) is successfully listed on Hong Kong Stock Exchange on December 9th, 2020. The pre-green shoe offering size is US$1,582 million and the post-green shoe offering size is US$1,820 million (“The Offering”). The Company’s shares were actively traded with excellent performance. The Company’s share price closed at HK$28.0 per share on the first trading day, representing an increase of 25.6% compared with the offer price, with a market capitalization of HK$61.6 billion. CICC acted as Joint Sponsor, Joint Global Coordinator, Joint Bookrunner and Joint Lead Manager for the Offering.

The Offering is the only commercial operations and community service company IPO in the Hong Kong market priced at the high-end of the price range with offering size over US$500mn since 2020.

China Resources Mixc Lifestyle Services is a leading commercial operational services and community services provider in China. The Company provides community services, value-added services and commercial operational services to residential properties, shopping malls and office buildings. With a unique business model featuring “multiple property types”, “all-customers”, “full spectrum of service offerings” and “integrated ecosystem”, and capitalizing on the abundant resources from CR Group and third-party partners, the Company is committed to creating a multi-scenario lifestyle services platform centered around living, shopping and working, improving the quality of life for users and stimulating the vitality of community services, and creating value for all the users and owners. As of June 30, 2020, China Resources Mixc Lifestyle Services had conducted business in over 62 core cities with a geographic focus on first-and-second-tier cities in China. The GFA of the residential and commercial properties under community services was approximately 106.6 million sq.m. and the GFA of the shopping malls under commercial operational services was approximately 5.6 million sq.m.. Over the years, with the leading brand, strong operating capacity and quality service, the Company has been widely recognized in all areas and has thus earned a variety of honors, such as the first among China Top 100 Players of the Commercial Real Estate, Potential Unicorn of Property Management Service and the Enterprise with Corporate Social Responsibility in the PRC Property Management Service Industry.

With the unique business model and ecosystem, the Company made a profound influence on the market and set a benchmark for the industry. The Offering attracted top-tier LO and strategic cornerstone investors, including GIC, China Structural Reform Fund, Hillhouse, Matthews, Cephei, Ping An and GLP. 

Acting as the Joint Sponsor, Joint Global Coordinator, Joint Bookrunner and Joint Lead Manager of the Offering, CICC led various work streams throughout the deal, healping the Company craft an distinctive equity story and ensured a smooth execution. Through cross-broader TRS, CICC exclusively facilitated domestic employees to subscribe the Company's shares with a total value of approximately RMB 620mn, the first time that SOE uses TRS structure to achieve employee subscription in Hong Kong.

CICC generated global investors demand and introduced high quality cornerstone investors. CICC has the largest cornerstone contribution, accounting for almost half of cornerstone investment. In addition, CICC also introduced multiple long-only funds and secured multi-times covered anchor orders before book opens. In the volatile market, CICC unswervingly supported high-end pricing based on strong investor demand, laying a foundation for achieving optimal valuation, which is highly recognized by the Company.

With its rich experience in project execution and strong edge on comprehensive service, CICC successfully assisted China Resources Mixc Lifestyle Services in listing on HKEX, winning high praise extensive recognition from the Company. As a leading investment bank with “China Roots, International Reach”, CICC will continue to utilize its capital market expertise as well as its seamless cooperation of onshore and offshore businesses to provide continuous support to our customers in terms of introduction of global investors, reaching international capital market, and promoting global business development.