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Financial News

Saturday July 4, 07:15 AM

 

 

Stock prices are displayed at a securities firm in Beijing

By Peter Parks

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Stock prices are displayed at a securities firm in Beijing. China's sovereign wealth fund said it would buy $1.5 bln worth of shares of the Canadian mining company Teck Resources Ltd. The purchase by the China Investment Corp would amount to a 17.2% equity stake in Teck, giving the $200 bln wealth fund a 6.7% voting interest in the mining company, according to the corporation. Stock prices are displayed at a securities firm in Beijing. China's sovereign wealth fund said it would buy $1.5 bln worth of shares of the Canadian mining company Teck Resources Ltd. The purchase by the China Investment Corp would amount to a 17.2% equity stake in Teck, giving the $200 bln wealth fund a 6.7% voting interest in the mining company, according to the corporation.


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