First Tractor Subsidiary Lists Bank Stake

First Tractor Co (HK:0038) has released an update.

First Tractor Co’s subsidiary, YTO Diesel Engine, has initiated the public listing for the sale of its 0.8827% stake in Zhongyuan Bank, marking a significant asset disposal. As of the latest update, there have been no takers for the shares. Investors are cautioned to be mindful of the risks due to the uncertainty surrounding the transaction.

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