Termination of sale of the 0.8827% stake held by FIRST TRACTOR in ZYBANK Diesel Engine Company.
First Tractor Co., Ltd. (00038) issued an announcement that its holding subsidiary Yituo (Luoyang) Diesel Engine Co., Ltd. (...)
FIRST TRACTOR (00038) announced that its controlling subsidiary, YTO (Luoyang) Diesel Engine Co., Ltd. (YTO Diesel Engine Company), publicly listed its 0.8827% equity stake in ZYBANK Co., Ltd. (ZYBANK) on the Beijing Property Exchange. This constitutes a major asset sale as stipulated by the "Regulations on the Management of Major Asset Restructuring of Listed Companies". As of December 27, 2024, the deadline for disclosing the public listing of the transfer has expired, and no qualified prospective transferees have been solicited. The Ninth Board of Directors' thirtieth meeting and the Ninth Board of Supervisors' fifteenth meeting approved the termination of this major asset sale transaction.
Related Articles

US Stock Market Move | Nokia Oyj Sponsored ADR (NOK.US) rises 2% and establishes a new artificial intelligence department.

US Stock Market Move | Most new energy vehicle stocks are on the rise, with Lucid Group (LCID.US) up more than 8%.

Meta's annual Connect conference will release AI smart glasses. Zuckerberg is betting big on the smart hardware track.
US Stock Market Move | Nokia Oyj Sponsored ADR (NOK.US) rises 2% and establishes a new artificial intelligence department.

US Stock Market Move | Most new energy vehicle stocks are on the rise, with Lucid Group (LCID.US) up more than 8%.

Meta's annual Connect conference will release AI smart glasses. Zuckerberg is betting big on the smart hardware track.
