What is the reason for the dissolution of Yi Tuo Finance Company?

Only one financial company can be established in an enterprise group. Under the regulatory requirements, the financial company will be dissolved again.

China Banking Regulatory Commission recently announced that it agreed to dissolve China Yi Tuo Group Finance Company. After receiving this approval document, China Yi Tuo Group Finance Company shall immediately stop all business activities, return its financial license to Luoyang Banking Insurance Supervision Branch, and go through liquidation and cancellation procedures in accordance with relevant laws and regulations.

Why was China Yi Tuo Group Finance Company dissolved?

According to industrial and commercial data, the major shareholder of China Yi Tuo Group Finance Company is First Tractor Co., Ltd. (hereinafter referred to as "Yi Tuo Shares", 60 1038). SH), and the major shareholder of Yi Tuo is China Yi Tuo Group Co., Ltd., formerly known as No.1 Tractor Factory, which is one of the key construction projects during the First Five-Year Plan period 156.