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First Tractor Co ( (HK:0038) ) has shared an announcement.
First Tractor Company Limited has announced a special resolution to authorize its board of directors to repurchase up to 10% of its H Shares during a specified period. This move is aimed at optimizing the company’s capital structure and potentially enhancing shareholder value, reflecting the company’s proactive approach to managing its market presence and financial health.
More about First Tractor Co
First Tractor Company Limited operates in the agricultural machinery industry, focusing primarily on the production and distribution of tractors and related equipment. The company is based in Luoyang, Henan Province, China, and targets both domestic and international markets.
Average Trading Volume: 8,909,678
Technical Sentiment Signal: Buy
Current Market Cap: HK$13.01B
See more insights into 0038 stock on TipRanks’ Stock Analysis page.