Disposal of Ready Mixed Concrete Business

Disposal of non-core ready mixed concrete business and focusing on its core city gas distribution business.

Acquisition of City Gas Distribution Business from CRH

CRL acquired China Resources Gas Limited from CRH to transform into the city gas distribution flagship of CRH.

Rights Issue
To finance the acquisition of China Resources Gas Limited, CRL issued Right Shares on the basis of four (4) Rights Shares for every one (1) existing Share.
Amalgamation of the Semiconductor Businesses of CRL and CSMC
CRL disposed of its Semiconductor Businesses to CSMC. The Semiconductor Businesses of CRL and CSMC were amalgamated to form China Resources Microelectronics Limited. The enlarged China Resources Microelectronics Limited will have greater financial resources to fund expansion and greater flexibility to deploy its existing resources.

Simultaneously CRL acquired a ready mixed concrete business in Hong Kong and transforms into a major supplier of such product to Hong Kong’s construction and civil engineering industry.