CITIC RESOURCES (01205.HK): Sells 1.45% Stake in Alcoa for HK$1.927 Billion

NewTimeSpace · 2026/01/16 13:06 · By Boyuan Chen

CRA, a subsidiary of CITIC RESOURCES, sold 3.8166 million shares of Alcoa from January 14 to 15, accounting for 1.45% of Alcoa's issued share capital, with a total transaction value of approximately HK$1.927 billion. The proceeds will be used for working capital and potential investment reserves.

NewTimeSpace News: CITIC RESOURCES (01205.HK) announced on January 16, 2026, that it has completed the sale of a partial stake in Alcoa through its wholly-owned subsidiary CRA. This transaction optimizes the investment portfolio and supplements cash flow, and has met the compliance requirements of the listing rules.

Transaction details show that CRA sold 3,816,582 shares converted from Alcoa American Depositary Receipts (ADRs) through a series of on-exchange transactions on the New York Stock Exchange (NYSE), with an average transaction price of US$64.75 per share and a total transaction value of approximately US$247 million (equivalent to around HK$1.927 billion). After the sale, CITIC RESOURCES still holds approximately 1.58% of Alcoa's equity, with the remaining interests including 1.6919 million ADRs and 2.4513 million shares.

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