China Investment sells some shares in Teck Resources
China investment corporation (CIC) said on Tuesday its wholly-owned subsidiary, Fullbloom Investment Corporation, sold some of its shares in Teck Resources.
The company sold 3 000 Class B subordinate voting shares for gross proceeds of nearly C$169 000 ($127 720.68) at about C$56.30 apiece, CIC said.
CIC said the transaction was undertaken to adjust its portfolio.
Fullbloom now holds 50.8 million of Class B shares of Teck, or about 9.895% of the issued and outstanding Class B Shares.
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