Citic Resources Sells Alcoa Shares for $119 Million

Citic Resources announced the sale of 1.9 million Alcoa shares through its wholly-owned subsidiary CRA on March 4, New York time. According to Ming Pao, the shares were sold on the New York Stock Exchange at an average price of $62.451 per share, totaling approximately $119 million. This transaction represents about 0.72% of Alcoa's total issued shares. The stock was suspended this morning and is set to resume trading tomorrow.