CITIC RESOURCES Subsidiary Divests 1.9 Million Shares in Alcoa

Stock News
03/05

CITIC RESOURCES announced that on March 4, 2026, its wholly-owned subsidiary, CRA, sold a total of 1.9 million shares in Alcoa through a series of on-market transactions on the New York Stock Exchange. The shares were sold at an average price of $62.451 per share, representing approximately 0.72% of Alcoa's total issued share capital. The total consideration for the transaction was approximately $119 million, excluding transaction costs. The company has applied to the Stock Exchange of Hong Kong for the resumption of trading of its shares, which is scheduled to commence at 9:00 a.m. on March 6, 2026.

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