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Brilliance China Automotive Holdings ( (HK:1114) ) has issued an update.
Brilliance China Automotive Holdings Limited has announced a further capital contribution of RMB500 million to Jinbei (Shenyang) Automotive Co., Ltd. (JSA), increasing its stake from 80.72% to approximately 87.34%. This move, funded by the company’s internal resources, reflects Brilliance China’s strategic focus on strengthening its position in the automotive market, particularly in the PRC. The transaction, classified as a discloseable transaction under the Hong Kong Stock Exchange’s Listing Rules, underscores the company’s commitment to expanding its operational footprint and enhancing shareholder value.
More about Brilliance China Automotive Holdings
Brilliance China Automotive Holdings Limited is a company incorporated in Bermuda with limited liability, primarily engaged in the manufacture and sale of minibuses and multi-purpose vehicles in the People’s Republic of China (PRC).
YTD Price Performance: 1.14%
Average Trading Volume: 9,591
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $1.76B
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