TORONTO, July 4, 2023
/CNW/ - China Investment Corporation ("CIC") announced that its
wholly-owned subsidiary, Fullbloom Investment Corporation
("Fullbloom"), with registered office at Room 1710-B, New Poly
Plaza, No. 1 Chaoyangmen Beidajie, Dongcheng, Beijing 100010, China, has today sold 3,000 Class B
subordinate voting shares ("Class B Shares") of Teck Resources
Limited ("Teck") by way of trades on the Toronto Stock Exchange and
other alternative trading systems in Canada at an average price of approximately
C$56.30 per Class B Share, for
aggregate gross proceeds of C$168,921.00.
Following the foregoing transactions, Fullbloom will hold
50,791,674 Class B Shares of Teck, representing approximately
9.895% of the issued and outstanding Class B Shares and
approximately 3.938% 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 www.sedar.com under Teck's
issuer profile.
SOURCE China Investment Corporation