Teck’s biggest shareholder, China Investment Corp., voted against company’s split: source

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Teck’s biggest shareholder, China Investment Corp., voted against company’s split, source says

CIC did not respond to a request for comment.

The day before, and the morning of the annual meeting, Teck scrambled to try to flip shareholders like CIC who voted against the transaction into the “Yes” camp, but to no avail. There had been signs ahead of the meeting that Teck’s relationship with its Chinese stakeholders was evolving.

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