First Tractor Renews Financial Services Contract with Affiliate

MT Newswires Live

2024/11/18

First Tractor (HKG:0038, SHA:601038) has renewed an agreement to continue receiving financial services from Sinomach Finance for three years starting Jan. 1, 2025, and ending Dec. 31, 2027, a Nov. 15 bourse filing said.

The existing agreement will expire Dec. 31, and the renewal is subject to shareholder approval.

The financial services include deposit services, the provision of loans, and the provision of other financial services.

Sinomach Finance is owned by China National Machinery Industry, which is in turn held by YTO Group, the controlling shareholder of First Tractor.

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