Citic Resources sells its stake in American Aluminum for $247 million, stocks will resume trading.

China Resources announced on the Hong Kong Stock Exchange that its wholly-owned subsidiary sold 3.82 million American Depositary Receipts of Alcoa at an average price of $64.75 per share through a series of on-exchange transactions on the New York Stock Exchange. The shares sold represent 1.45% of Alcoa's total issued shares. The company believes this is the right time to sell its stake in Alcoa. Trading of China Resources stock will resume at 1:00 pm Hong Kong time.