22:25:05 EDT Sun 19 May 2024
Enter Symbol
or Name
USA
CA



Teck Resources Ltd
Symbol TECK
Shares Issued 513,313,506
Close 2023-07-04 C$ 55.80
Market Cap C$ 28,642,893,635
Recent Sedar Documents

Teck investor China Investment sells 3,000 shares

2023-07-04 19:09 ET - News Release

Mr. Albert Cao reports

CHINA INVESTMENT CORPORATION SELLS A PORTION OF ITS SHARES OF TECK RESOURCES LIMITED

China Investment Corp.'s wholly owned subsidiary, Fullbloom Investment Corp., has sold 3,000 Class B subordinate voting shares of Teck Resources Ltd. by way of trades on the Toronto Stock Exchange and other alternative trading systems in Canada at an average price of approximately $56.30 per Class B share, for aggregate gross proceeds of $168,921.

Following the foregoing transactions, Fullbloom will hold 50,791,674 Class B shares of Teck, representing approximately 9.895 per cent of the issued and outstanding Class B shares and approximately 3.938 per cent of the aggregate voting rights attaching to Teck's Class A common shares and the Class B shares of Teck.

The disposition of the Class B shares was undertaken due to portfolio adjustment. CIC may undertake purchases or sales of securities of Teck in the future subject to applicable contractual restrictions and depending on market conditions, portfolio considerations and other factors. CIC remains a significant shareholder of Teck, is supportive of Teck's management team and has confidence in the fundamental prospects of Teck's business.

A copy of the amended early warning report to which this press release relates will be filed shortly on SEDAR under Teck's issuer profile.

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