tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

First Tractor Co. Announces 2024 AGM and Strategic Share Repurchase Plan

Story Highlights
First Tractor Co. Announces 2024 AGM and Strategic Share Repurchase Plan

Elevate Your Investing Strategy:

An announcement from First Tractor Co ( (HK:0038) ) is now available.

First Tractor Company Limited has announced its 2024 annual general meeting, scheduled for June 10, 2025, in Luoyang, China. The meeting will address various resolutions, including the approval of the company’s financial and supervisory reports, profit distribution plan, and the appointment of auditors. A special resolution will consider granting the board a mandate to repurchase up to 10% of the company’s H Shares, reflecting a strategic move to manage share capital and potentially enhance shareholder value.

More about First Tractor Co

First Tractor Company Limited operates in the agricultural machinery industry, focusing on the production and distribution of tractors and related equipment. The company primarily serves the agricultural sector in China, aiming to enhance farming efficiency and productivity.

Average Trading Volume: 8,909,678

Technical Sentiment Signal: Buy

Current Market Cap: HK$13.01B

See more data about 0038 stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1