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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 TECK-B-T.

The company sold 3,000 Class B subordinate voting shares for gross proceeds of nearly $169,000 at about $56.30 apiece, CIC said.

CIC said the transaction was undertaken to adjust its portfolio.

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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Tickers mentioned in this story

Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 17/05/24 3:59pm EDT.

SymbolName% changeLast
Teck Resources Ltd Cl B
Teck Resources Ltd Cl A

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