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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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  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 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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  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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  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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  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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  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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  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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  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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  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 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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  After being placed on file for investigation by the CSRC, brilliance Group was publicly condemned by the Shanghai Stock Exchange.

  As an independent car company founded in the early 1990s, brilliance Group plays an important role in China's automobile industry. As an established automobile company, brilliance Group has been filed for bankruptcy reorganization by creditors after a huge debt, which has aroused widespread concern in the industry. Recently, the Shanghai Stock Exchange (hereinafter referred to as "Shanghai Stock Exchange") issued a "Disciplinary decision" for many actions of brilliance Group. Yan Bingzhe, chairman and legal representative of brilliance Automobile Group Holdings Co., Ltd. (hereinafter referred to as "brilliance Group"), and Gao Gang, then chief accountant and head of information disclosure affairs, were publicly condemned. The Shanghai Stock Exchange said the decision was.

  Brilliance Group 2021-01-14
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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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  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 Automobile Group filed for bankruptcy restructuring after huge debts

  On November 13, the National Enterprise bankruptcy reorganization Information Network released that Gezhi Automotive Technology Co., Ltd. applied to the Intermediate people's Court of Shenyang City, Liaoning Province for the reorganization of brilliance Automobile Group holding Co., Ltd. the case number is (2020) Liao 01 Breaking Shen 27. According to Tianyan inspection information, Gezhi Technology is an automotive stamping die developer, engaged in the design, research, development, manufacture and sales of automotive stamping moulds. It mainly provides customized services for automotive stamping dies for automotive manufacturers and parts manufacturers around the world. Brilliance Automobile Group is all too familiar with China, Golden Cup, Huasong and brilliance BMW.

  Brilliance car 2020-11-14
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  Brilliance Automobile Group is in crisis because of debt problems.

  Brilliance Automobile Group, once a well-known independent car company, is now in trouble because of its huge debt. Brilliance auto funding crisis broke out as a result of failing to repay maturing bonds on schedule. On November 2, the Shanghai Stock Exchange issued a notice giving a written warning to brilliance. According to media reports, the Liaoning provincial government is said to be considering promoting judicial restructuring of brilliance Automobile Group. Brilliance Automobile Group confirmed in an announcement that the 1 billion yuan private bond "17 Huaqi 05" could not be repaid on schedule. Brilliance was supposed to pay 1 billion of the principal of 17 Huaqi 05 before 16:00 on October 21.

  Brilliance car 2020-11-03
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  Brilliance Automobile Group changed its boss after the arrest of the former chairman.

  On June 28, brilliance Automobile official account announced that brilliance held a cadre meeting to announce the decision of Liaoning Provincial CPC Committee: Shen Tiedong was appointed party committee secretary and chairman of brilliance Group, and Yan Bingzhe was no longer party committee secretary and chairman of brilliance Group. Shen Tiedong was not born in the auto industry. According to the data, Shen Tiedong graduated from the Department of Economics of Liaoning University with a bachelor's degree in political economy with a doctorate degree and a senior economist. He has served as vice mayor of Panjin Municipal people's Government, member of the standing Committee of Panjin Municipal Party Committee, Secretary-General and so on. Later, he was transferred to deputy secretary of the party committee, vice chairman and general manager of Liaoning Energy Investment (Group) Co., Ltd.

  Brilliance Group 2021-06-29
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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