Brilliance China’s Chairman Cleared of ICAC Charges

Brilliance China Automotive Holdings (HK:1114) has released an update.

Brilliance China Automotive Holdings Limited has announced the closure of the Independent Commission Against Corruption investigation involving its executive Director and chairman, Mr. Wu Xiao An, with no further action required. The company confirmed that the investigation had no material adverse impact on its operations, which continued normally, and Mr. Wu maintained his duties throughout. Investors can be reassured by the company’s stability and unaffected performance during the period.

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