![]() Less than an hour before the court ruling was released on the National Enterprise Bankruptcy Information Disclosure Platform, the company denied the bankruptcy rumor. But the company is still worth restructuring, said the ruling by Shenyang Intermediate People's Court. Polestar partners with Geely's Meizu to build Chinese operating systemīrilliance China Gets Court Nod for Restructuring of Renault Joint VentureĮlectric vehicle maker Polestar lowers production guidance, cuts jobsīrilliance China Automotive Clarifies on Reports of Possible Acquisition of Co's Sharesīrilliance China Automotive's 2022 Profit Tumbles Shares Fall 9%īrilliance China Automotive Holdings Limited Reports Earnings Results for the Full Year Ended December 31, 2022īrilliance China Automotive Holdings Limited(SEHK:1114) added to Hang Seng China Affiliated Corporations IndexĮV maker Polestar's Q4 loss narrows, won't engage in price warsīrilliance China Automotive Holdings Limited Announces Special Dividend, Payable on 27 February 2023īrilliance China Plans Special Dividend Payment from Proceeds of 29 Billion Yuan Sale of BMW Brilliance Stakeīrilliance China Automotive Holdings Limited(SEHK:1114) added to S&P Global BMI IndexīMW’s JV With Brilliance China Earmarks $1.A court ruling on Friday announced that indebted Huachen Automotive Group, parent company of BMW's Chinese joint venture partner Brilliance Automotive Holdings, will undergo bankruptcy restructuring.Īs creditor Gezhi Automobile Technology Co claimed, Huachen's liabilities have outweighed its assets, meeting the requirements for bankruptcy. on 31st March, 2021, and will remain suspended until further notice pending, among other matters, the result of the Independent Investigation and the finalization of the 2020 Annual Results.īrilliance China Automotive's Profit Rises in H1īrilliance China Automotive Holdings Limited Reports Earnings Results for the Half Year Ended June 30, 2023īRILLIANCE CHINA AUTOMOTIVE HOLDINGS LIMITED : Ex-dividend day for for extraordinary dividendīRILLIANCE CHINA AUTOMOTIVE HOLDINGS LIMITED : Infrequent or one-off capital gain paymentīrilliance China Automotive Says Probe on Bribery Allegations Has "No Adverse Impact" on BusinessĪutomaker Brilliance China's restructuring plan approved by creditors and courtīrilliance China Automotive Gets Creditors' Nod to Restructureīrilliance China Automotive Holdings Limited Announces the Special Dividend, Payable on 31 August 2023 ![]() Trading in the shares of the Company on the Stock Exchange has been suspended with effect from 9:00 a.m. The Company will make further announcement(s) on the material development and progress in relation to the Independent Investigation as and when appropriate. Jiang Bo, both of whom are independent non-executive directors of the Company (the " Independent Board Committee"), has resolved to appoint RSM Consulting (Hong Kong) Limited, an independent third party investigator, to conduct an independent investigation into the Unauthorized Guarantees and the Additional Issues (the " Independent Investigation") and produce a report of findings on the Independent Investigation to the Independent Board Committee. The Board announces that the independent board committee, comprising Mr. ![]() Capitalised terms used herein shall have the same meanings as those defined in the Announcements unless otherwise defined herein. References are made to (i) the announcement of the Company dated 31st March, 2021 in relation to the delay in publication of the announcement in relation to the 2020 Annual Results, the postponement of the meeting of the Board and the suspension of trading in the shares of the Company and (ii) the announcement of the Company dated 14th April, 2021 in relation to, among other matters, the update on the 2020 Annual Results and the Company's formation of an independent board committee and the intention to conduct the Independent Investigation (collectively the " Announcements"). ![]() (Incorporated in Bermuda with limited liability) Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.īRILLIANCE CHINA AUTOMOTIVE HOLDINGS LIMITED ![]()
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