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First Tractor Co ( (HK:0038) ) has provided an update.
First Tractor Co, a company involved in the production and sale of raw materials, spare parts, components, and equipment, has announced a revision to its Sale of Goods Agreement for 2025. The company plans to increase the annual cap from RMB340 million to RMB560 million due to anticipated higher demand, ensuring sufficient business operations. This adjustment reflects the company’s strategic response to projected growth and maintains compliance with Hong Kong Listing Rules, though it does not require independent shareholders’ approval.
More about First Tractor Co
YTD Price Performance: -16.54%
Average Trading Volume: 10,050
Technical Sentiment Signal: Hold
Current Market Cap: $1.61B
See more insights into 0038 stock on TipRanks’ Stock Analysis page.