3 stories mentioning HKG:1205
Every FINWIRES story that references HKG:1205, newest first.
CITIC Resources (HKG:1205) expects attributable profit of between HK$238 million and HK$322 million for the six months ending June 30, up 57% to 112% from HK$152 million a year prior, according to a Monday Hong Kong bourse filing.The natural resource company attributed the forecast to a higher average selling price of crude oil.
CITIC Resources (HKG:1205) renewed certain financial services agreements with its associates, the firm said in a Hong Kong bourse filing Wednesday.Shares of the natural resource company were up nearly 2% in Thursday morning trade.The company entered into the international financial services agreement with each of CITIC Bank International and CITIC Finance International and the China financial services agreement with CNCB and CITIC Finance PRC who agreed to provide financial services to the group for a period of three years.
CITIC Resources (HKG:1205) plans to seek shareholder approval for a mandate to dispose of its remaining stake in global aluminum producer Alcoa, according to a Wednesday Hong Kong bourse filing.Shares of the natural resource company were up nearly 2% in Thursday morning trade.The company said the proposed disposal could involve up to 1.7 million Alcoa CHESS depositary interests and 551,306 Alcoa shares, representing about 0.86% of Alcoa's issued share capital.Assuming all holdings are sold at the minimum selling price of $50 per share, the aggregate consideration would be about $112.2 million, or HK$874.9 million.The company said proceeds would be used for working capital, commodity trading operations, potential investment opportunities, and possible dividend distribution.