First Tractor Co (HK:0038) has released an update.
First Tractor Company Limited’s subsidiary, YTO Diesel Engine, has initiated the sale of its 0.8827% stake in Zhongyuan Bank through a public listing, a significant asset disposal as per regulatory guidelines. As of the latest update, no buyers have been secured for the equity interest, and the company will continue to provide monthly updates on the transaction, cautioning investors of the associated uncertainties and risks.
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