Hong Kong Exchanges and Clearing

BRILLIANCE SUSPENDS SHARE TRADING

PUBLISHED : Saturday, 25 January, 2003, 12:00am
UPDATED : Saturday, 25 January, 2003, 12:00am

Shares in Minibus and saloon maker Brilliance China Automotive Holdings were suspended from trading yesterday, pending an announcement to confirm whether it has to serve an order from the Supreme Court of Bermuda. The court order restrains the company, which is incorporated in Bermuda, from registering sales or transferring a 39.45 per cent stake, agreement on which was previously reached for it to be sold by the Chinese Financial Education Development Foundation to a Liaoning provincial government-controlled firm. The order was issued on Wednesday on behalf of Hong Kong-incorporated Broadsino Finance and sent to the Hong Kong Exchanges and Clearing on Thursday.