DISPOSAL OF 328 MILLION CITIC RESOURCES SHARES

PUBLISHED : Monday, 05 May, 2003, 12:00am
UPDATED : Monday, 05 May, 2003, 12:00am

A controlling shareholder of Citic Resources has agreed to dispose of 328 million shares - 9.95 per cent of the issued share capital - to independent placees. Shares in Citic Resources were suspended on Friday pending the announcement. The disposal by United Star International is expected to be completed by May 7.