--- title: "CITIC Resources Raises US$118.7 Million from Partial Alcoa Stake Sale" type: "News" locale: "en" url: "https://longbridge.com/en/news/277920474.md" description: "CITIC Resources Holdings has raised approximately US$118.66 million by selling 1.9 million shares of Alcoa on the New York Stock Exchange. This sale reduces its direct shareholding in Alcoa to about 0.86% while maintaining some interests in Alcoa CHESS Depositary Interests. The transaction, classified as a discloseable event in Hong Kong, aims to enhance liquidity and rebalance the investment portfolio. Trading of CITIC Resources shares will resume on the Hong Kong exchange following the announcement, with analysts currently rating the stock as a Hold with a price target of HK$0.58." datetime: "2026-03-05T10:38:31.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/277920474.md) - [en](https://longbridge.com/en/news/277920474.md) - [zh-HK](https://longbridge.com/zh-HK/news/277920474.md) --- # CITIC Resources Raises US$118.7 Million from Partial Alcoa Stake Sale ### Claim 70% Off TipRanks Premium - Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions - Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential CITIC Resources Holdings ( (HK:1205) ) has provided an update. CITIC Resources Holdings, through wholly owned subsidiary CRA, has further trimmed its investment in U.S.-listed aluminium producer Alcoa, selling 1.9 million Alcoa shares on the New York Stock Exchange for about US$118.66 million. The disposal reduces the group’s direct Alcoa shareholding while it continues to hold Alcoa CHESS Depositary Interests and a smaller residual share stake, leaving it with roughly 0.86% of Alcoa’s issued share capital. The company said the sale, classified in Hong Kong as a discloseable transaction that does not require shareholder approval, was executed at prevailing market prices to improve group liquidity and rebalance its investment portfolio. Trading in CITIC Resources shares, which had been suspended pending the announcement, is set to resume on the Hong Kong bourse, signalling completion of the transaction and clarifying its limited impact on core operations while modestly reshaping its financial asset mix. The most recent analyst rating on (HK:1205) stock is a Hold with a HK$0.58 price target. To see the full list of analyst forecasts on CITIC Resources Holdings stock, see the HK:1205 Stock Forecast page. **More about CITIC Resources Holdings** CITIC Resources Holdings is a Hong Kong-listed resources and commodities group with interests in energy and raw materials. Through subsidiaries, it also manages financial investments, including minority stakes in overseas listed companies, as part of a broader portfolio strategy focused on liquidity and risk diversification. **Average Trading Volume:** 11,341,715 **Technical Sentiment Signal:** Buy **Current Market Cap:** HK$4.4B For a thorough assessment of 1205 stock, go to TipRanks’ Stock Analysis page. ### Related Stocks - [159876.CN](https://longbridge.com/en/quote/159876.CN.md) - [159871.CN](https://longbridge.com/en/quote/159871.CN.md) - [DBB.US](https://longbridge.com/en/quote/DBB.US.md) - [516650.CN](https://longbridge.com/en/quote/516650.CN.md) - [PICK.US](https://longbridge.com/en/quote/PICK.US.md) - [561330.CN](https://longbridge.com/en/quote/561330.CN.md) - [159880.CN](https://longbridge.com/en/quote/159880.CN.md) - [AA.US](https://longbridge.com/en/quote/AA.US.md) - [159608.CN](https://longbridge.com/en/quote/159608.CN.md) - [512400.CN](https://longbridge.com/en/quote/512400.CN.md) - [159881.CN](https://longbridge.com/en/quote/159881.CN.md) - [XME.US](https://longbridge.com/en/quote/XME.US.md) - [01205.HK](https://longbridge.com/en/quote/01205.HK.md) ## Related News & Research - [Alcoa Shareholders Approve Expanded Incentive Plan, Reelect Board](https://longbridge.com/en/news/286002916.md) - [Alcoa Corporation Announces $65 Million Capital Investment in Mosjøen | AA Stock News](https://longbridge.com/en/news/286006469.md) - [BREAKINGVIEWS-China's outbound M&A spree has staying power](https://longbridge.com/en/news/286850954.md) - [US Critical Materials and Bayan Mining and Minerals sign MoU](https://longbridge.com/en/news/286679728.md) - [Largo Q1 revenue falls 2.5% as tariffs weigh](https://longbridge.com/en/news/286431682.md)