First Tractor Yet to Name Buyer for Unit's Minority Stake; Shares Up 3%

MT Newswires Live06-25

First Tractor (SHA:601038, HKG:0038) is yet to name a buyer for 0.88% of unit YTO (Luoyang) Diesel Engine as of Sunday, June 24, according to a same-dated filing on the Hong Kong Stock Exchange.

The manufacturer of harvesting machines listed the equity for transfer on the Beijing Equity Exchange in December 2023, the filing added.

Shares of the company jumped more than 3% on the Hong Kong bourse and more than 1% on the Shanghai bourse.

Price (HKD): $16.11, Change: $+0.27, Percent Change: +1.70%

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