China Resources Land Limited (“CR Land”, 1109.HK) successfully completed its placing and subscription of shares on May 15th, 2015 and May 26th, 2015, respectively (“the Placement”). The transaction is a top-up placement under the general mandate from the General Meeting of Shareholders of CR Land. An aggregate of 400 million shares were issued to raise HK$10.1 billion (US$1.3 billion), with the placing price of HK$25.25 per share. It was priced at a 7.00% discount to the closing price on the last trading day, and a 5.15% discount to the average closing price of the last five consecutive trading days up to and including the last trading day. CICC acted as Joint Placing Agent in the transaction.