Cerisier Ventures Limited entered into a sale and purchase agreement to acquire 24.07% stake in IRC Limited from Stocken Board AG for approximately HKD 240 million.

Cerisier Ventures Limited entered into a sale and purchase agreement to acquire 24.07% stake in IRC Limited (SEHK:1029) from Stocken Board AG for approximately HKD 240 million on December 3, 2021. Cerisier Ventures Limited will acquire 1.71 billion shares at HKD 0.1396 per share. In a related transaction, Major Mining Partner (CY) Limited entered into a sale and purchase agreement to acquire 5.79% stake in IRC Limited from Stocken Board AG for HKD 18.3 million.

After the transactions, Stocken Board AG will hold no stake in IRC Limited.