HK Stock Market Move | CITIC RESOURCES (01205) rose more than 21% in the afternoon, realizing over USD 247 million by selling its stake in American aluminum industry.
China Resources Holdings Limited (01205) resumed trading in the afternoon and rose by more than 21% at one point. As of the time of publication, it was up 9.76% at HKD 0.45, with a trading volume of HKD 112.68 million.
CITIC RESOURCES (01205) resumed trading in the afternoon, rising over 21% at one point. As of the time of writing, it was up 9.76% at HK$0.45, with a turnover of HK$112.68 million.
In terms of news, CITIC RESOURCES announced that on January 14 and 15, its wholly-owned subsidiary CRA sold a total of 381.66 million shares of Alcoa Corporation at an average price of US$64.75 per share through a series of on-exchange transactions on the NYSE. This represented approximately 1.45% of the total issued share capital of Alcoa Corporation, with a total transaction amount of approximately US$247 million.
After the completion of the sale, the accumulated income related to the sold Alcoa Corporation depository receipts was approximately US$74.64 million. The Group intends to use the proceeds for general operating expenses and as reserve capital for potential future investments that may be identified from time to time.
Related Articles
JST GROUP (06687) issues profit warning, with an expected net loss of approximately 1.6 billion to 1.7 billion yuan in 2025, a corresponding year-on-year profit to loss.
As of the end of February, the net asset value per share of LONG INV CORP (02312) was approximately HK$0.31.
MING FAI INT'L (03828) issues profit warning, expected annual attributable profit to shareholders not less than 100 million Hong Kong dollars, a decrease compared to the previous year.
JST GROUP (06687) issues profit warning, with an expected net loss of approximately 1.6 billion to 1.7 billion yuan in 2025, a corresponding year-on-year profit to loss.
As of the end of February, the net asset value per share of LONG INV CORP (02312) was approximately HK$0.31.
MING FAI INT'L (03828) issues profit warning, expected annual attributable profit to shareholders not less than 100 million Hong Kong dollars, a decrease compared to the previous year.
RECOMMEND
“A+H” Team Continues To Expand Hard Technology Firms Accelerate Global Deployment
11/03/2026
Anti‑Stagflation Theme Guides Hong Kong Allocation Institutions Identify Power And Energy Assets As Short‑Term Core
11/03/2026
U.S. Equities Enter “Always‑On” Trading Era Nasdaq Advances Stock Tokenization Framework
11/03/2026
