First Tractor Co Updates Final Dividend for 2024

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

First Tractor Company Limited has announced an update to its final cash dividend for the year ended December 31, 2024. The dividend, declared at RMB 0.2995 per share, will be paid in Hong Kong dollars at an exchange rate of RMB 1 to HKD 1.08306, with a payment date set for July 18, 2025. The announcement includes details on withholding tax rates applicable to different types of shareholders, emphasizing the company’s compliance with tax regulations for both Mainland and non-resident investors. This update reflects First Tractor’s commitment to transparent financial practices and its strategic positioning within the agricultural machinery sector, potentially impacting investor relations and shareholder value.

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 serves a market that includes both domestic and international stakeholders, with a particular emphasis on leveraging stock connect programs to facilitate investment.

Average Trading Volume: 6,941,617

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$13.35B

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