CITIC Resources Holdings (HK:1205) has released an update.
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CITIC Resources Holdings Limited has successfully completed a major transaction involving the disposal of its equity interest in AWC and the simultaneous acquisition of a 3.03% equity interest in Alcoa. With the completion of this transaction, the Group’s interest in Alcoa is now classified as a financial asset, with its value tied to the fluctuations of Alcoa’s share price. The strategic corporate move marks a significant reshaping of CITIC Resources Holdings’ investment portfolio.
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