China Investment sells some shares in Teck Resources

📆 5/7/2023 1:37 pm
📰 ChannelNewsAsia

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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.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.

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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