CITIC RESOURCES resumed trading in the afternoon, rising over 12% after reducing its stake in Alcoa by 3.82 million shares
CITIC RESOURCES (01205.HK) resumed trading in the afternoon, currently up 12.2%, at HKD 0.46. The trading volume is approximately 34.135 million shares, involving HKD 15.68 million.
The company stated that its wholly-owned subsidiary sold 3.8166 million shares of Alcoa through on-exchange trading on the New York Stock Exchange on January 14 and 15, at an average price of USD 64.75 per share, for a total consideration of approximately USD 247 million. After the sale, the group's shareholding in Alcoa decreased from approximately 3.03% to 1.58%
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