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China Investment sells some shares in Teck Resources

5th July 2023

By: Reuters

  

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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.

Edited by Reuters

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