CR ASIA (00831.HK): Controlling Shareholder Sells 39.86% Stake
- The announcement was published under Rule 13.09(2)(a) of the Listing Rules and the inside information provisions of Part XIVA of the Securities and Futures Ordinance.
- Lotus Peak is a private company 90.00% owned by Fung Guolun and 10.00% by Feng Shen Naiqi, spouse of Fung Guojing.
- After the transactions, Fung Retail holds no shares, Lotus Peak becomes the Company's controlling shareholder, and King Lun, Fung Retail and Fung Holdings (1937) Limited cease to be controlling shareholders.
NewTimeSpace News: On 22 September 2026, Convenience Retail Asia Limited (stock code: 00831.HK) announced that controlling shareholder Fung Retail Group Limited had sold to Lotus Peak Investments Limited all 311,792,000 shares it held, about 39.86% of issued shares, for HKD 140,306,400, or HKD 0.45 per share. Non-executive director Fung Guolun also transferred a personal holding of 90,000,000 shares, about 11.51%, to Lotus Peak for HKD 40,500,000.
After both transactions, Lotus Peak holds 401,792,000 shares, about 51.37%, becoming controlling shareholder. It is a private company 90.00% owned by Fung Guolun and 10.00% by Feng Shen Naiqi, spouse of Fung Guojing.
Fung Retail, King Lun Holdings Limited's indirect wholly owned subsidiary, holds no shares thereafter, and King Lun, Fung Retail and Fung Holdings (1937) Limited all cease to be controlling shareholders. The transactions will not materially affect shareholders, and the Board, management and operations remain unchanged.
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