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  FAW car major assets reorganization plan has been approved by SASAC of the State Council.

  FAW car Co., Ltd. issued a notice today, saying that major asset restructuring issues have been approved by the SASAC of the State Council, and agree in principle to the company's overall plan for asset restructuring and supporting financing. FAW car restructuring proposed to buy assets FAW Jiefang 100% equity, the transaction price of 27 billion yuan. According to the announcement, the State-owned assets Supervision and Administration Commission of the State Council recently received a "reply on issues related to asset restructuring and supporting financing of FAW car Co., Ltd." transferred by China first Automobile Group Co., Ltd. agreed in principle to the company's overall plan for asset restructuring and supporting financing. In addition, the announcement is also.

  FAW car asset reorganization plan approved by SASAC 2019-09-27
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  Approved by antitrust review, Volkswagen's stake in Jianghuai is a foregone conclusion.

  Volkswagen's stake in Jianghuai was approved by anti-monopoly examination. Upon completion of the deal, Volkswagen China Investment will hold a 50 per cent stake in JAC Holdings and a 75 per cent stake in the joint venture Jianghuai Volkswagen. On November 24, Jianghuai Automobile issued an announcement that the company today received notice from Volkswagen China Investment, according to the investment agreement signed by Volkswagen China Investment with Anhui SASAC and JAC on June 11, as well as the investment agreement with Jianghuai shares and JAC Volkswagen. Volkswagen China Investment has submitted an anti-monopoly review declaration to the anti-monopoly review authorities of the relevant countries with pre-declaration obligations on the transactions under the two investment agreements. As of 11.

  Jianhuai Volkswagen 2020-11-24
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  The latest announcement! Shenyang Automobile will acquire 100% stake in reorganized brilliance Group

  On the evening of August 4, Jinbei Automobile Co., Ltd. issued an announcement of shareholders' share transfer plan. According to the announcement, on August 2, the Shenyang Intermediate people's Court approved the "substantive merger and reorganization plan of 12 enterprises, including brilliance Automobile Group holding Co., Ltd." and Shenyang Automobile Co., Ltd. will become an indirect part of the company.

  Automobile Shenyang company brilliance limited limited Shenyang announcement gold cup investment group shares development industry enterprise 2023-08-05
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  The latest announcement! Brilliance restructuring Agreement "finalised"

  Following the identification of Shenyang Automobile Co., Ltd. (hereinafter referred to as "Shenyang Automobile") as a potential investor in restructuring, brilliance Automobile Group Holdings Co., Ltd. has made new progress in its restructuring process for nearly three years. On June 17, Jinbei Automobile and Shenhua Holdings issued announcements one after another to disclose the restructuring progress of brilliance Group, the controlling shareholder. Golden cup steam

  Shenyang brilliance group company automobile brilliance group limited limited SASAC investment Shenyang BMW holding creditor's rights enterprise 2023-06-19
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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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  After bankruptcy reorganization, brilliance Group was filed for investigation by the Securities Regulatory Commission.

  After brilliance Group officially went bankrupt and reorganized, the Securities Regulatory Commission also decided to file a case for investigation.

  Brilliance Group investigated by Securities Regulatory Commission 2020-11-21
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  All of a sudden! Two vice presidents of brilliance are investigated!

  Following Qi Yumin, former party committee secretary and chairman of brilliance Automobile Group holding Co., Ltd., two senior executives of brilliance were investigated. According to the Liaoning Provincial discipline Inspection Commission, Liu Tongfu, former vice president of brilliance Automobile Group Holdings Co., Ltd., and Liu Xuemin, vice president of brilliance Automobile Group Holdings Co., Ltd., are suspected of serious violations of discipline and law.

  Brilliance Automobile Group Company Limited Limited holding Enterprise Shenyang Vice President Dalian Assistant Liaoning Industry people 2023-09-15
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  FAW car has a net profit loss of 276 million yuan in the third quarter, and the restructuring plan still needs to be approved by the competent department.

  FAW cars released its third-quarter results, according to data, FAW cars achieved operating income of 6.591 billion yuan in the third quarter, an increase of 20.09 percent over the same period last year. The net profit loss belonging to shareholders of listed companies was 276 million yuan, down 609.65% from the same period last year. In the first three quarters of this year, the total operating income of FAW cars was 17.292 billion yuan, down 6.95% from the same period last year. The net profit belonging to shareholders of listed companies was a loss of 267 million yuan, down 297.33% from the same period last year. In addition, the financial report also disclosed the receipt of 39 million yuan in subsidies from the government. It is worth noting that FAW in the first half of this year.

  FAW car 2019-11-02
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  Play by yourself! Jeep/ Alfa Romeo / DS brand opens direct marketing

  On February 16th, Stellantis China and China Import Automobile Trading Co., Ltd. (hereinafter referred to as "China Automotive Trade") signed a framework agreement in Beijing to further enhance the strategic partnership between the two sides. According to reports, China Automotive Trade and Clay, a subsidiary of Stellantis Group,

  Automobile Brand Group Fiat China Fiat Company Market sales Import Limited Co. Ltd. Peugeot domestic 2023-02-16
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  FAW car transfers two assets, annual profit is expected to increase by 105 million yuan

  On December 11, FAW car issued two announcements in succession, showing that the company will hold assets located in Jingkai District of Changchun City for public listing and transfer at a listing price of 65 million yuan, and the transferee is Changchun Zhisheng stamping Die Co., Ltd. the final transaction is 81.2 million yuan, and the transaction is expected to increase the company's profit by 57 million yuan in 2019. Another announcement shows that the company plans to dispose of the property and transfer it to FAW Asset Management Co., Ltd. (FAW assets) at 75.0481 million yuan. The transaction is expected to increase the company's profit by 48 million yuan in 2019. The two deals are expected to increase the company by 20.

  FAW car 2019-12-12
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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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  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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  Volkswagen: acquire 50% of Jianghuai and become the largest shareholder of Guoxuan Hi-Tech.

  On May 28, Guoxuan Tech, a power battery manufacturer, issued a notice saying that the company had examined and passed a "bill on the company's compliance with the conditions for a non-public offering of A shares." In this private offering, the company intends to introduce Volkswagen (China) Investment Co., Ltd. (hereinafter referred to as "Volkswagen China") as a strategic investor. Volkswagen China intends to hold shares in the company for a long time and appoint directors to actually participate in corporate governance. According to the announcement, Zhuhai Guoxuan, the controlling shareholder of Guoxuan Hi-Tech, and Li Kun, the controller, transferred 5% of Guoxuan Hi-Tech shares to Volkswagen China. After completion, Volkswagen China will be the largest shareholder of Guoxuan Hi-Tech, and Li Gong and United Action will be the second largest stock.

  Volkswagen 2020-05-29
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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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  FAW car adjusts its merger and acquisition of FAW Liberation and reorganization Plan, canceling 3.5 billion yuan of fund-raising

  On the evening of November 28th, FAW car announced that in order to further optimize the size of the company's share capital after the transaction and comprehensively consider the company's ability to pay cash, it plans to cancel 3.5 billion yuan of matching fund-raising. FAW Jiefang 100% equity held by FAW shares was purchased through major asset replacement, share issue and cash payment. The company said that after this restructuring, its main business has been changed to FAW with strong profitability, and its profitability and core competitiveness have been improved. According to the research report, FAW Jiefang is one of the best assets of FAW Group and the absolute leader of the domestic heavy truck industry.

  FAW sedan FAW liberation 2019-11-29
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  FAW car issued a performance forecast with an estimated loss of 236 million yuan in the first three quarters.

  FAW cars issued the latest performance forecast, which shows that FAW cars are expected to have a net loss of 236 million yuan to 296 million yuan in the first three quarters of this year, compared with a profit of 135 million yuan in the same period last year. Of this total, the loss in the third quarter is expected to be 246 million yuan to 306 million yuan, compared with a profit of 54.208 million yuan in the same period last year. The company said that the profit and loss was mainly due to the decline in sales caused by the domestic passenger car market, as well as the switch between the fifth and sixth grade, which reduced the company's vehicle sales. However, according to the latest statistics of the Federation of passengers, in September, the national passenger car market fell 6.5% compared with the same period last year, FAW sedan was led by 35.2%.

  FAW car issued a performance forecast 2019-10-14
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  It is said that Jianghuai Automobile has changed its name to JAC-Volkswagen, and the official refutes the rumor that the news is not true.

  ​ has made the latest progress in increasing capital and changing the stock ratio since Jianghuai Volkswagen. Issues related to the capital increase of Jianghuai Volkswagen have been put on record by Anhui Development and Reform Commission and entered the final implementation stage. It is reported that Jianghuai Automobile will change its name to JAC-Volkswagen. However, in response to this matter, Jianghuai Automobile officials have refuted the rumor that the news is not true.

  Jianghuai Automobile 2020-11-24
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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 car has a pre-loss of 300 million yuan in the first three quarters and has just received 100 million government subsidies.

  FAW sedan owns two major passenger car brands, FAW Pentium and FAW Mazda. According to the performance forecast released today, FAW sedan is once again at a loss. The latest performance forecast of FAW car shows that the company expects a net loss of 236 million yuan to 296 million yuan in the first three quarters of this year, from profit to loss. As for the reasons for the performance changes, FAW sedan said that from January to September 2019, sales in the domestic passenger car market declined, and the company's vehicle sales decreased, affected by factors such as the switch between country 5 and country 6, rising prices in the precious metal market and fluctuations in the exchange rate of the Japanese yen. As a result, the company's operating income, gross profit margin and other indicators decreased compared with the same period last year.

  FAW Pentium FAW car performance 2019-10-15
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  Another vehicle manufacturing company has been ruled bankrupt and reorganized

  Recently, Jinbei Automobile issued a notice saying that the company Atomic Company and the guaranteed party, Shenyang Jinbei vehicle Manufacturing Co., Ltd., were ruled bankruptcy and reorganization by the Shenyang Intermediate people's Court on December 30, 2022. The company will be compensated as its ordinary creditor, and the company has begun to prepare to declare its claims and expected debts to Jinbei vehicles.

  Brilliance Group Company creditor's Rights brilliance Group Golden Cup Automobile Co. Ltd. Shenyang Holdings Enterprise creditors Brands vehicles 2023-01-02