China investment corporation said on Tuesday its wholly-owned subsidiary, Fullbloom Investment Corporation, sold some of its shares in Teck Resources Ltd.
The 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 per cent of the issued and outstanding Class B Shares.
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South Korea's POSCO plans $93 billion of investment by 2030SEOUL : South Korean steelmaking and materials conglomerate POSCO Group, headed by POSCO Holdings, said on Monday it plans to invest 121 trillion won ($93 billion) by 2030 for growth in core businesses such as steel, battery materials and hydrogen. POSCO said in a statement it plans to invest 72 trillion
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