HK Stock Market Move | CITIC RESOURCES (01205) rises over 8%, plans to hold a board meeting next Wednesday to consider approving the declaration of a special dividend.

CITIC RESOURCES (01205) rose over 8%, up 8.65% as of press time, at HK$0.565, with a turnover of HK$19.4389 million. On the news front, on the evening of September 18, CITIC RESOURCES announced that the company will hold a board meeting on September 30 (i.e., next Wednesday) to consider approving the declaration and distribution of a special dividend to shareholders of the company. Subject to approval at the board meeting, the company will separately issue an announcement regarding the details of the special dividend in accordance with the provisions of the Listing Rules. It is understood that in the first half of this year, the company seized the opportunity of high Alcoa share prices to reduce its shareholding, recovering approximately US$366 million in funds. As of the end of June, the company's cash and deposits amounted to approximately HK$7.041 billion, nearly doubling compared with the end of 2025; based on a simple calculation of cash and deposits minus total debt, the company's net cash was approximately HK$3.2 billion.