Proposed to increase capital by 85.716 million yuan to Guoji Finance for the first tractor.
The First Tractor Company (00038) released an announcement on November 12, 2024, stating that the company has entered into a financial agreement with China National Machinery Financial.
FIRST TRACTOR (00038) announced on November 12, 2024 that the company has entered into a capital increase agreement with National Machinery Finance. According to this agreement, the company will increase its capital to National Machinery Finance by RMB 85.716 million based on its existing shareholding ratio. After this capital increase, the company's shareholding in National Machinery Finance will remain unchanged at 14.286%.
This capital increase is beneficial for strengthening the capital strength of National Machinery Finance, enhancing its risk resistance ability, and better providing financial services to the company, continuously safeguarding and supporting the company's production, operation, and market development.
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