China Investment sells some shares in Teck Resources

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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 Ltd .

A visitor looks at a presentation by Teck Resources at the Prospectors and Developers Association of Canada annual conference in Toronto, Ontario, Canada March 1, 2020. REUTERS/Chris Helgren//File Photo

July 4 - China investment corporation said on Tuesday its wholly-owned subsidiary, Fullbloom Investment Corporation, sold some of its shares in Teck Resources LtdThe company sold 3,000 Class B subordinate voting shares for gross proceeds of nearly C$169,000 at about C$56.30 apiece, CIC said.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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