China investment corporation subsidiary sells some shares in Teck Resources

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.