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  Brilliance China will be privatized? Brilliance Group refutes rumors

  On September 24, in response to the rumor that "Liaoning Exchange is considering taking the lead in privatizing brilliance China", brilliance Group holding Co., Ltd. (hereinafter referred to as "brilliance Group") responded: "We have not received any relevant information. Do not be misled by false information." Earlier, there were media reports that Liaoning Transportation Construction Investment Group would take the lead in privatizing brilliance China, which could start as early as the fourth quarter of this year. Brilliance China rose sharply in the Hong Kong stock market on the news, closing up 4.86% to HK $7.34. According to brilliance China Disclosure notice, May 27, brilliance Group to Liaoning Province traffic construction.

  Brilliance China 2020-09-24
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  Brilliance lost control of BMW, brilliance's profit in China fell by 40%

  On March 29, brilliance China Automotive Holdings Limited (hereinafter referred to as "brilliance China") released its annual financial report for the year ended December 31, 2022. According to the financial report, brilliance China's comprehensive income in 2022 was 1.131 billion yuan, down 47.2% from the same period last year, and the profit attributable to shareholders was 7.147 billion yuan.

  Brilliance Automobile BMW Group Company brilliance Group China Limited Co. Ltd. Enterprise Holdings claims Scheme Investment creditors 2023-03-31
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  BMW: the plan to buy 25% of brilliance BMW remains unchanged

  BMW responds to brilliance's debt problem: its plan to buy a 25% stake in brilliance remains unchanged

  Brilliance BMW brilliance car 2020-11-18
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  The documents are made public! BMW China wholly acquires brilliance China Factory

  On October 20, the website of the Anti-monopoly Bureau of the State Administration of Market Supervision announced the case of BMW (China) Investment Co., Ltd. acquiring a stake in brilliance Automobile Manufacturing Co., Ltd. According to the documents, brilliance Automobile Group Holdings Limited ("brilliance Group") currently holds a 100% stake in brilliance Automobile Manufacturing Co., Ltd. ("brilliance Manufacturing"), thus controlling brilliance Manufacturing alone. BMW (China) Investment Co., Ltd. ("BMW China") has signed an equity sale and purchase agreement with brilliance Group to acquire the entire stake in brilliance Manufacturing. After the proposed deal, BMW China will control brilliance separately. Data show that BMW China was founded in 2019.

  Brilliance BMW brilliance China 2021-10-20
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  New progress in the reorganization of brilliance Group!

  On May 31, brilliance China announced that the company had been informed by brilliance Manager that Shenyang Automobile Co., Ltd. had been selected by the brilliance Group restructuring Investor selection and Review Committee as a potential investor in brilliance restructuring, and that brilliance restructuring plan was still being worked out, pending approval from brilliance creditors' meeting and Shenyang Intermediate people's Court. Capital

  Brilliance Company BMW Group Automobile Limited Co. Ltd. brilliance Group Shenyang Enterprise holding people China Management people's Court 2023-06-01
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  Trading of 1 billion yuan of bonds defaulted was suspended, brilliance Group responded

  After Lifan Motor and Zhongtai Automobile, brilliance Group has also received extensive attention because of its financial problems. Brilliance Automotive Group Holdings Limited (hereinafter referred to as "brilliance Group") responded to the default of 1 billion of its bonds on October 26, saying that "there are indeed temporary funding difficulties, so it is unable to repay maturing bonds on schedule." the group is actively working on solutions, and it is believed that brilliance will actively and properly solve the bond problem. " On October 23, brilliance Group failed to pay 1 billion yuan of private equity bonds "17 Huaqi 05" on schedule, resulting in a substantial default. According to the relevant rules, brilliance Group is currently deposited.

  Brilliance Group 2020-10-26
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  A number of models "stop production", BMW took a 25% stake in brilliance, what is left?

  For a long time, brilliance China's profits mainly rely on the joint venture brilliance BMW, and in January this year, brilliance shareholders' special meeting approved the sale of 25% stake in brilliance BMW to BMW. This also means that BMW will seize half of brilliance's profits in the future, and more importantly, brilliance can no longer rely on BMW. In recent years, the performance of brilliance's own brand is even more worrying. Brilliance sold only 89000 cars last year, down 30% from the same period last year, among which many models of Chinese brands have entered a state of "suspension of production". Brilliance went on sale in New York in 1992 with full firepower in the commercial vehicle market, with 1997.

  Cars BMWs 2019-02-13
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  Brilliance Automobile Group officially announced bankruptcy and restructuring today.

  On November 20, the first day of Guangzhou Auto Show will be another auto event. But in the same day, there is a car company has reached the point of life and death. There are a number of media domineering, brilliance Automobile Group, which is involved in bankruptcy restructuring due to debt problems, will officially declare bankruptcy today. But soon, the senior management of brilliance Group refuted the rumor.

  Brilliance 2020-11-20
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  Brilliance China is gone!

  According to Caijing Automobile, on August 31, the substantive merger and reorganization of 12 enterprises, including brilliance Group, held its second creditors' meeting, at which there were three motions, including property management and price change plans, two proposals for the establishment of a creditor committee, and the core proposal for BMW China to acquire brilliance China Brand. All three bills were passed by the vote of the creditors. According to reports, BMW China will acquire brilliance-related assets and brilliance manufacturing equity, including land use rights, buildings, machinery and equipment and other related assets, as well as brilliance Group's 100% stake in brilliance Automobile Manufacturing Co., Ltd.

  Brilliance car 2021-09-01
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  FAW Group plans to buy brilliance for $7.2 billion? Brilliance China responds

  There has been no substantial progress since brilliance was ruled by the court to go bankrupt and reorganized. FAW is considering buying BMW's main Chinese partner brilliance China Automotive Holdings Co., Ltd., with a total deal likely to reach $7.2 billion (46.7 billion yuan), media sources reported on Feb. 3. According to the source, according to the plan currently under discussion, FAW will first acquire 30.43% of brilliance's shares and 11.89% of the shares of the state-controlled Liaoning Provincial Transportation Investment Group. FAW will then make a mandatory offer for the remaining shares of brilliance. At the same time.

  Brilliance Group FAW Group 2021-02-03
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  Brilliance Group was fined 53.6 million yuan for financial fraud and other violations.

  On the evening of April 20, Jinbei Automobile and Shenhua Holdings announced that brilliance Group, the company's indirect controlling shareholder, had received a "prior notice of administrative punishment" from the China Securities Regulatory Commission. Brilliance Group disclosed 2017, 2018 annual reports suspected of false records and other problems, was fined a total of 53.6 million yuan, ordered to correct and given a warning. The contents of the announcement show that the annual reports of 2017 and 2018 disclosed by brilliance Group are suspected of having false records, and brilliance Group is suspected of fraudulently obtaining approval for the public offering of corporate bonds with false declaration documents. Brilliance Group non-public offering corporate bonds disclosure documents suspected of being false.

  Brilliance Group 2021-04-21
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  Brilliance Group defaulted on billions of debts and was unable to repay due to financial constraints.

  Brilliance Automobile Group, which fell into bankruptcy reorganization due to debt problems, has become another independent automobile manufacturing enterprise that has poor management and embarked on the road of reorganization. Recently, brilliance Automobile Group said that it had defaulted on its debt of 6.5 billion yuan, and the company was unable to repay it due to lack of funds. Brilliance Automobile Group Holdings Co., Ltd. announced that brilliance has defaulted on its debt totaling 6.5 billion yuan and overdue interest totaling 144 million yuan, according to the Financial Associated Press. Due to the shortage of funds in the enterprise, the examination and approval of the renewal credit has not been completed, resulting in non-repayment. At the same time, brilliance Group's debt default has an impact on the production and operation of brilliance Group.

  Brilliance car 2020-11-16
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  Shenyang municipal government buys 30% stake in brilliance? Official response

  On April 24, brilliance China announced that the Shenyang Municipal Government had recently announced that the Shenyang Municipal Government might hold about 30.43% of the issued share capital of the company through its wholly-owned subsidiary Liaoning Xinrui Automobile Industry Development Co., Ltd., the controlling shareholder of brilliance Automobile Group Holdings Limited.

  Brilliance Company Automotive BMW China Limited Co. Ltd. Group holding BMW Group Equity Shenyang Enterprise Finance Manufacturing 2023-04-25
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  Brilliance China Board Chairman detained for investigation

  On August 8, brilliance China Automotive Holdings Limited (hereinafter referred to as "brilliance China") issued a notice that Hong Kong ICAC personnel visited the company's main business place in Hong Kong on August 3 to execute a search warrant. on the same day, Wu Xiaoan, executive director and chairman of the board of directors, was detained by the ICAC for investigation, suspected of violating the laws of Hong Kong.

  Brilliance Group Automobile Company Shenyang brilliance Group BMW Director China Enterprise Holdings Co. Ltd. Shenyang member 2023-08-08
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  Qi Yumin stepped down as chairman of brilliance Automobile Group, and Yan Bingzhe took over.

  Confirmed that Yan Bingzhe, vice mayor of Shenyang, officially replaced Qi Yumin as chairman of brilliance. On April 1, brilliance held a cadre meeting, at which it was announced that Yan Bingzhe, former vice mayor of Shenyang City, Liaoning Province, had been appointed party committee secretary and chairman of brilliance Automobile Group holding Co., Ltd.; at the same time, Qi Yumin, because of his age, no longer served as party committee secretary and chairman of brilliance Automobile Group holding Co., Ltd. In December 2005, Qi Yumin, then vice mayor of Dalian Municipal people's Government, was ordered to take over brilliance, which had been losing money for three years in a row, and finally turned brilliance into profit in 2007. So far, Qi Yumin has.

  2019-04-01
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  With a debt of 70 billion, brilliance China resumed trading on the first day and fell by 60%.

  A year and a half later, brilliance China finally resumed trading. However, under the influence of adverse factors such as the bankruptcy of the parent company, brilliance's share price fell more than 70% after the resumption of trading in China. As of the close of the day, brilliance China fell 63.01% to HK $2.70, with a total market capitalization of HK $13.622 billion. Actually

  Brilliance BMW Group China brilliance Group Company Renault claims BMW Group resumption of Trading Revenue Court growth Management profit 2022-10-05
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  Brilliance Group was fined 53.6 million yuan

  On September 16, Jinbei Automobile and Shenhua Holdings issued announcements one after another, saying that brilliance Group, the company's indirect controlling shareholder, had received the CSRC's "administrative penalty decision". Brilliance Group was fined a total of 53.6 million yuan by the CSRC for a number of illegal acts such as illegal information disclosure in the interbank bond market. In addition, the relevant personnel were fined between 80, 000 yuan and 600000 yuan. In addition, both Jinbei Automobile and Shenhua Holdings said that the administrative penalty imposed by the China Securities Regulatory Commission on brilliance will not affect the company's daily production and operation activities. It is understood that on November 20, 2020, the China Securities Regulatory Commission was suspected of brilliance Group.

  Brilliance Group 2021-09-17
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  The purchase price is too low! BMW's purchase of brilliance China factory may be stopped

  According to a number of media reports, brilliance may reject the acquisition of BMW because the 1.633 billion yuan purchase price offered by BMW is too low. According to brilliance insiders, "the acquisition of the Chinese factory by BMW has been stopped, and the relevant BMW staff in the Chinese workshop have been withdrawn." According to the above-mentioned person, the relevant leaders of FAW are meeting with the executives of brilliance Group recently, and the group thinks that the price for BMW's 1.633 billion yuan purchase of the China Automobile plant is too cheap, so it does not agree. In response to the above news, BMW Chinese officials said: "the project continues to receive support from all parties, and we are currently in progress as planned."

  BMW brilliance China 2021-11-26
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  Brilliance China will also have a holiday, and the employees will be "off by rotation" or until the end of the year.

  In the context of the epidemic and the continuous decline of the car market, a number of car companies have operational difficulties. Recently, some media posted on the Internet the "notice document of brilliance Chinese staff on holiday rotation", which shows that, except for middle-level and above leaders, the rest of brilliance Chinese employees will have a "long vacation" and "take turns going to work" may continue until the end of the year. I was surprised by brilliance's move. In fact, as early as July this year, there were media reports that brilliance China has implemented the system of "working by turns" since July. Employees who rest at home in rotation are paid according to the Shenyang minimum wage, and this brilliance China again.

  BMW brilliance 2020-08-01
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  Brilliance China Financial report announced a net profit of 830 million yuan in the first half of the year

  A few days ago, brilliance China released its 2020 financial report, 2021 financial report and 2022 interim results report one after another. According to the financial report, brilliance China achieved operating income of 3.123 billion yuan in 2020, down 19.13% from the same period last year, and profit attributable to shareholders was 11 million yuan, down 99% from the same period last year.

  Brilliance Group BMW Company China Renault Enterprise Court brilliance Group Holdings Limited Co. Ltd. Automobile Shenyang Shenyang 2022-09-15