https://www.scmp.com/rss/169737/feed Based in Shenyang in China, Brilliance China Auto makes cars, minibuses and automotive components. It has a car-making joint venture with BMW and a minibus-making joint venture with Toyota. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Chinese carmaker stocks took a broad beating on Wednesday in Hong Kong and Shanghai,with BAIC Motor and Brilliance Auto leading losses, after China announced plans to fully open up the market to foreign ventures over the next five years, a move seen as easing trade tensions with the US. On the Hong Kong stock exchange, BAIC Motor dived 10.2 per cent to close at HK$8.02, Brilliance China Automotive Holding plummeted 9.4 per cent to HK$12.90, and Guangzhou Automobile Group lost 10.7 per cent to... https://www.scmp.com/business/companies/article/2142244/shares-chinese-carmakers-plunge-beijing-moves-fully-open-market?utm_source=rss_feed https://www.scmp.com/business/companies/article/2142244/shares-chinese-carmakers-plunge-beijing-moves-fully-open-market?utm_source=rss_feed Wed, 18 Apr 2018 05:54:47 +0000 Shares of Brilliance China Auto surged on Thursday morning in Hong Kong after Goldman Sachs more than doubled its target price for the stock, citing a growing appetite among mainlanders for luxury cars. The firm, which partners with BMW to build BMW Brilliance cars in China, shot up as much as 8.2 per cent to HK$23, before paring gains to trade at HK$21.85 at noon, still up 2.8 per cent. Goldman Sachs raised the target price for Brilliance to HK$28.8 from HK$13.9, and upgraded it to buy from... https://www.scmp.com/business/companies/article/2115019/brilliance-auto-shares-accelerate-goldman-sachs-doubles-target?utm_source=rss_feed https://www.scmp.com/business/companies/article/2115019/brilliance-auto-shares-accelerate-goldman-sachs-doubles-target?utm_source=rss_feed Thu, 12 Oct 2017 04:27:39 +0000 Yang Rong, the automotive tycoon who went on a self-imposed exile in the United States after losing a 2002 feud with Bo Xilai, is making a comeback to the industry that made him China’s third-wealthiest businessman almost two decades ago. This time, he is ditching the boxy minivans that gave his Brilliance Auto Group an early lead in China’s commercial vehicles market, hitching a ride instead on the government’s drive to produce new-energy vehicles. A total of 31,120 fully electric cars and... https://www.scmp.com/business/companies/article/2089001/tycoon-exiled-bo-xilai-attempts-comeback-new-energy-vehicles?utm_source=rss_feed https://www.scmp.com/business/companies/article/2089001/tycoon-exiled-bo-xilai-attempts-comeback-new-energy-vehicles?utm_source=rss_feed Thu, 20 Apr 2017 00:00:00 +0000 Brilliance China Automotive, the Chinese partner of German carmaker BMW, posted a 52 per cent rise in first-half profit from a year ago, driven by increased profit contribution from its joint venture BMW Brilliance as sales boomed. The Shenyang-based carmaker's profit for the six months to June totalled 2.03 billion yuan (HK$2.55 billion), against 1.33 billion yuan in the same period last year, a statement filed with the Hong Kong stock exchange said yesterday. Revenue for the period fell 8.5... https://www.scmp.com/business/companies/article/1296526/bmw-joint-venture-helps-brilliance-lift-profit-52pc?utm_source=rss_feed https://www.scmp.com/business/companies/article/1296526/bmw-joint-venture-helps-brilliance-lift-profit-52pc?utm_source=rss_feed Tue, 13 Aug 2013 16:00:00 +0000 Brilliance China Automotive Holdings said yesterday it was likely to exceed a sales growth target of 25 per cent for this year, but analysts said the mainland carmaker's new clean-energy-vehicle project and a product upgrade by rival Mercedes-Benz could pressure short-term profit. The mainland partner of BMW disclosed at its annual general meeting that sales jumped 25 per cent year on year to 67,000 cars during the first four months of the year. It also forecast that by the end of the year sales... https://www.scmp.com/business/companies/article/1245480/brilliance-auto-expects-beat-sales-growth-target?utm_source=rss_feed https://www.scmp.com/business/companies/article/1245480/brilliance-auto-expects-beat-sales-growth-target?utm_source=rss_feed Fri, 24 May 2013 16:00:00 +0000 Shares in Hong Kong-listed mainland carmakers jumped on speculation that mainland car buyers will continue to turn their back on Japanese vehicles. Toyota's China sales fell about 40 per cent last month from a year earlier, Reuters reported yesterday, the latest sign of the fallout of the dispute between China and Japan over the ownership of the Diaoyu Islands, known as the Senkakus in Japan. Mitsubishi said its China sales plunged 63 per cent from a year earlier. Shares in Brilliance China... https://www.scmp.com/business/companies/article/1054938/hk-shares-mainland-carmakers-roll?utm_source=rss_feed https://www.scmp.com/business/companies/article/1054938/hk-shares-mainland-carmakers-roll?utm_source=rss_feed Fri, 05 Oct 2012 16:00:00 +0000 Shares of Brilliance China Automotive plunged to a one-month low yesterday after they resumed trading following an announcement of a share placement by the carmaker's parent company. While analysts said it was a bad sign that the major shareholder and senior executives had sold part of their stakes in the company - which has been the top industry pick at some houses, within nine months - they believe Brilliance's fundamentals are still sound and it will make a good buy when its price falls to... https://www.scmp.com/business/china-business/article/1031208/brilliance-falls-parents-placement?utm_source=rss_feed https://www.scmp.com/business/china-business/article/1031208/brilliance-falls-parents-placement?utm_source=rss_feed Thu, 06 Sep 2012 16:00:00 +0000 Brilliance China Automotive will consider declaring a dividend next year after it completes most of its investment projects. The Shenyang-headquartered carmaker - which has a 50-50 joint venture with Germany's BMW - declared no interim dividend this year despite reporting a 41.6 per cent rise in net profit to 1.33 billion yuan (HK$1.63 billion). Chairman Wu Xiaoan said this was because it still needed to invest in certain projects. But he added that shareholders might be rewarded next year. "We... https://www.scmp.com/business/china-business/article/1025843/brilliance-china-automotive-stalls-dividend-despite-41pc?utm_source=rss_feed https://www.scmp.com/business/china-business/article/1025843/brilliance-china-automotive-stalls-dividend-despite-41pc?utm_source=rss_feed Wed, 29 Aug 2012 16:00:00 +0000 Shenyang's rapid development and transformation into a modern production base has made it increasingly attractive for foreign investors. A number of German companies have set up shop, including industrial giant Siemens, chemical company BASF, crane maker Demag and W?rth, which produces assembly and fastening material. The most famous German investment in Shenyang is the BMW-Brilliance joint venture which set up its first production line in 2004. BMW's 3 and 5 series have been made in... https://www.scmp.com/article/986317/city-target-german-giants?utm_source=rss_feed https://www.scmp.com/article/986317/city-target-german-giants?utm_source=rss_feed Tue, 29 Nov 2011 16:00:00 +0000 China overtook the US as the second- biggest market for BMW-branded luxury cars in May, helping the German carmaker's mainland partner boost first-half profits by 84.7 per cent, the firm's chairman said. 'I'm confident that with the growth we are seeing the day will come when China is No 1 globally,' Shenyang-based Brilliance China Automobile Holdings chairman Wu Xiaoan said yesterday. 'Our growth isn't limited by market demand but by our production capacity,' he said. Brilliance sold 55,012... https://www.scmp.com/article/977100/bmw-demand-boosts-brilliance-profits?utm_source=rss_feed https://www.scmp.com/article/977100/bmw-demand-boosts-brilliance-profits?utm_source=rss_feed Wed, 24 Aug 2011 16:00:00 +0000 Brilliance China Automotive Holdings and BMW may set up local production of engines for their carmaking joint venture and are mulling exports from their plant in Shenyang, Liaoning, which will more than triple capacity to 300,000 units by 2012. Booming sales of BMWs and minibuses and the disposal of its loss-making Zhonghua brand helped Brilliance swing to a profit of 635.795 million yuan (HK$726.1 million) in the first six months compared with a loss of 787.14 million yuan a year ago.... https://www.scmp.com/article/723233/brilliance-bmw-venture-eyes-expansion?utm_source=rss_feed https://www.scmp.com/article/723233/brilliance-bmw-venture-eyes-expansion?utm_source=rss_feed Thu, 26 Aug 2010 16:00:00 +0000 Brilliance China Automotive Holdings will further boost production of BMW cars by building a second manufacturing plant in Liaoning province with an annual capacity of 100,000 vehicles in the third quarter, according to its top executive. Chairman Wu Xiaoan disclosed the expansion plan yesterday after revealing that Brilliance had sold 32,000 BMW cars last year, a 58 per cent jump from 2006. Mr Wu also said it was time to break the silence on the new project after the company had completed a... https://www.scmp.com/article/628833/brilliance-china-expand-bmw-production-second-factory?utm_source=rss_feed https://www.scmp.com/article/628833/brilliance-china-expand-bmw-production-second-factory?utm_source=rss_feed Wed, 05 Mar 2008 16:00:00 +0000 Huachen Automotive Group, the parent of Hong Kong-listed Brilliance China Automotive Holdings, aims to export 100,000 Zhonghua cars to Russia in co-operation with a Russian partner. In order to preserve tax benefits for imported components associated with selling foreign cars, Huachen will provide parts designated as 'knocked-down kits' to partner Irito-Invest for vehicle assembly. For the Russian market, foreign carmakers gain tax benefits by providing completely knocked-down kits - parts... https://www.scmp.com/article/613828/huachen-export-zhonghua-model-russia?utm_source=rss_feed https://www.scmp.com/article/613828/huachen-export-zhonghua-model-russia?utm_source=rss_feed Wed, 31 Oct 2007 16:00:00 +0000 Brilliance China Automotive Holdings' losses deepened to 125.73 million yuan in the first half, compared with a loss of 113.59 million yuan last year. However, excluding a 282.48 million yuan accounting loss on its 2011 convertible bond issue, Brilliance China saw profit of 156.75 million yuan due to higher sales after two difficult years. Turnover was 7.74 billion yuan, up 78 per cent year on year. The company, which has a joint venture with German carmaker BMW, aims to sell 205,000... https://www.scmp.com/article/608797/brilliance-turnover-first-half-accounting-losses-eat-profits?utm_source=rss_feed https://www.scmp.com/article/608797/brilliance-turnover-first-half-accounting-losses-eat-profits?utm_source=rss_feed Fri, 21 Sep 2007 16:00:00 +0000 Brilliance China Automotive Holdings, which has made a loss for two years, will turn a profit in the second quarter on strong sales of self-branded Zhonghua sedans and BMW cars, according to chairman Wu Xiaoan. The carmaker met 42 per cent of this year's total sales target of 210,000 units in the first five months as its Zhonghua sedan attracted 50,000 buyers, a jump of 263 per cent year on year, Mr Wu said. 'We're confident the company will return to profit this year,' he said. Former Dalian... https://www.scmp.com/article/597855/brilliance-aims-turnaround?utm_source=rss_feed https://www.scmp.com/article/597855/brilliance-aims-turnaround?utm_source=rss_feed Fri, 22 Jun 2007 16:00:00 +0000 Brilliance China Automotive Holdings, a Shenyang-based car and minibus maker, narrowed its loss less than expected last year after sales growth fell short of its target. Net loss shrank to 398.4 million yuan or 10.86 fen per share from 649.6 million yuan or 17.71 fen in 2005. The carmaker was expected to announce a loss of 3.5 fen per share, a Thomson Financial survey shows. Overall revenue rose 92 per cent to 10.5 billion yuan. No dividend was recommended. Chairman Wu Xiaoan said the... https://www.scmp.com/article/589787/brilliance-bid-narrow-losses-falls-short?utm_source=rss_feed https://www.scmp.com/article/589787/brilliance-bid-narrow-losses-falls-short?utm_source=rss_feed Fri, 20 Apr 2007 16:00:00 +0000 All mainland players but Brilliance China to post solid profits The mainland's vehicles industry, which turned a corner last year after austerity measures led to a lacklustre 2004 and 2005, will reflect its new strength in publicly traded carmakers' earnings results. The country's carmakers together increased net profit 46 per cent last year to 76.8 billion yuan, according to figures from the China Association of Automobile Manufacturers. 'It is estimated that profit growth for Chinese ... https://www.scmp.com/article/585164/carmakers-road-more-robust-incomes?utm_source=rss_feed https://www.scmp.com/article/585164/carmakers-road-more-robust-incomes?utm_source=rss_feed Thu, 15 Mar 2007 16:00:00 +0000 Brilliance China Automotive has raised its profile in Europe by being the only mainland exhibitor in the Geneva car show last week but market watchers said it would take a while for Europeans and Americans to change their negative views on China-made cars. Despite being considered as 'one of the better carmakers in China' by observers from the show, Brilliance China may still find it difficult to sell to developed overseas markets, analysts said. 'This is because until now, there is not a... https://www.scmp.com/article/584698/mainland-cars-struggle-win-us-europe-over?utm_source=rss_feed https://www.scmp.com/article/584698/mainland-cars-struggle-win-us-europe-over?utm_source=rss_feed Sun, 11 Mar 2007 16:00:00 +0000 Liaoning carmaker may turn a profit this year as sales surge Brilliance China Automotive Holdings, the Liaoning carmaker that has been sputtering since its high-flying founder fled the mainland under a cloud of accusations five years ago, expects to turn a profit this year after two years of losses. The company's Hong Kong-listed shares jumped 8.2 per cent yesterday, closing at HK$1.98, after it was announced at a shareholders' meeting that last month's sales grew more than sixfold to... https://www.scmp.com/article/581865/brilliance-china-set-reversal-fortunes?utm_source=rss_feed https://www.scmp.com/article/581865/brilliance-china-set-reversal-fortunes?utm_source=rss_feed Mon, 12 Feb 2007 16:00:00 +0000 Struggling carmaker Brilliance China Auto Holdings has plans to turn around mounting losses including building a production plant in Guangdong to boost sales. 'Having two production bases can help cut operation costs and increase market share. Transporting a finished minibus from the production base in northern China to the south costs 2,000 yuan,' Brilliance chairman Qi Yumin said. 'People in southern China are wealthy enough to buy a car. It would be another good starting point to develop... https://www.scmp.com/article/546054/brilliance-plans-new-factory-guangdong?utm_source=rss_feed https://www.scmp.com/article/546054/brilliance-plans-new-factory-guangdong?utm_source=rss_feed Sun, 23 Apr 2006 16:00:00 +0000 Geely eyes 35pc turnover rise and Dongfeng 15pc, while Brilliance expects profit margin erosion to slow Three Hong Kong-listed mainland carmakers have unveiled optimistic sales growth targets for this year, which, if achieved, could help offset the impact of price cuts and protect profit margins. Speaking to reporters after posting a 38.4 per cent decline in net profit to 1.6 billion yuan for last year on Wednesday, Dongfeng Motor Group chairman Xu Ping said the firm's sales volume growth... https://www.scmp.com/article/545703/carmakers-set-higher-sales-targets?utm_source=rss_feed https://www.scmp.com/article/545703/carmakers-set-higher-sales-targets?utm_source=rss_feed Fri, 21 Apr 2006 16:00:00 +0000 Brilliance China Automotive Holdings has set its sights on the European passenger car market to make up for falling domestic sales. The company aims to sell 2,000 self-developed Zhonghua brand family cars to Germany this year, said a spokeswoman for Brilliance's car and mini-bus subsidiary Shenyang Jinbei Automotive. It has appointed logistics services provider Eurogate as its dealer in Europe, which will start with the German market and gradually expand to other countries in the region, he... https://www.scmp.com/article/504505/brilliance-counts-exports-europe-revive-car-sales?utm_source=rss_feed https://www.scmp.com/article/504505/brilliance-counts-exports-europe-revive-car-sales?utm_source=rss_feed Tue, 14 Jun 2005 16:00:00 +0000 Mainland carmakers have reported a drastic drop in sales for last month as cautious consumers look to further price cuts. Analysts say potential buyers are adopting a wait-and-see attitude because of the abolition of import quotas and the lowering of tariffs on vehicles next year. 'There were three major price cuts this year. Logically, people will hold back as they don't want to see their new purchase depreciate,' said Alex Fan, of the Daiwa Institute of Research. Potential buyers were... https://www.scmp.com/article/477649/mainland-car-sales-tumble?utm_source=rss_feed https://www.scmp.com/article/477649/mainland-car-sales-tumble?utm_source=rss_feed Wed, 10 Nov 2004 16:00:00 +0000 Brilliance China Automotive Holdings' Zhonghua car division reported an operating loss in the second half of last year, reflecting cut-throat competition in the local-brand segment. According to a Standard & Poor's research report released yesterday, the division lost 112 million yuan in the June to December period on slowing sales, compared with an operating profit of 135 million yuan in the first half. The operation accounted for 33 per cent of the company's sales revenue last... https://www.scmp.com/article/453286/competition-hits-brilliance-earnings?utm_source=rss_feed https://www.scmp.com/article/453286/competition-hits-brilliance-earnings?utm_source=rss_feed Fri, 23 Apr 2004 16:00:00 +0000 Official policies will tackle over-investment to head off glut Policies aimed at reining in over-investment in the car manufacturing industry are expected to be unveiled soon by the central government in a bid to prevent over-supply in the sector. The policies are designed to shore up the market positions of large domestic producers while forcing small-scale manufacturers to close shop or merge with the larger ones, ahead of the lowering of trade barriers required under China's World Trade... https://www.scmp.com/article/427612/china-puts-brakes-car-output?utm_source=rss_feed https://www.scmp.com/article/427612/china-puts-brakes-car-output?utm_source=rss_feed Thu, 11 Sep 2003 16:00:00 +0000 About a year ago, KGI Asia upgraded its recommendation on minivan and saloon maker Brilliance China Automotive from 'reduce' to 'neutral'. Brilliance had reported progress in a joint venture with BMW and a rebound in sales in the second quarter of last year. In April this year, Brilliance said it expected earnings to rebound after losses on its saloon car start-up knocked 27.7 per cent off last year's net profit, to 650.84 million yuan (HK$613.21 million), down from 900.26 million yuan in... https://www.scmp.com/article/418608/what-broker-said?utm_source=rss_feed https://www.scmp.com/article/418608/what-broker-said?utm_source=rss_feed Sat, 14 Jun 2003 16:00:00 +0000 Main board-listed Brilliance China Automotive Holdings' mandatory cash offer to its public shareholders lapsed yesterday due to low acceptance. Only holders of 306,800 ordinary shares had accepted the offer. They represented just 0.009 per cent of Brilliance China's issued share capital. https://www.scmp.com/article/405506/brilliance-cash-offer-lapses-few-takers?utm_source=rss_feed https://www.scmp.com/article/405506/brilliance-cash-offer-lapses-few-takers?utm_source=rss_feed Thu, 06 Feb 2003 16:00:00 +0000 Minibus maker Brilliance China Automotive Holdings announced yesterday a court hearing before the Supreme Court of Bermuda, over the ownership dispute with former chairman Yang Rong, has been adjourned until tomorrow for a full day hearing. Brilliance China will seek to prove its state-ownership status to prevent claims by Mr Yang, as well as attempting to have struck out a court order restraining the firm from transferring its controlling stake to a Liaoning provincial government-owned firm. https://www.scmp.com/article/405428/day-court-brilliance?utm_source=rss_feed https://www.scmp.com/article/405428/day-court-brilliance?utm_source=rss_feed Wed, 05 Feb 2003 16:00:00 +0000 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... https://www.scmp.com/article/404592/brilliance-suspends-share-trading?utm_source=rss_feed https://www.scmp.com/article/404592/brilliance-suspends-share-trading?utm_source=rss_feed Fri, 24 Jan 2003 16:00:00 +0000 A complaint has been lodged with the securities watchdog against Brilliance China Automotive Holdings, alleging the company made false statements and sold its controlling stake at an inappropriate price. Law firm Chiu & Partners sent the letter to the Securities and Futures Commission on behalf of an anonymous party. The letter accused Brilliance China of having issued 'false and misleading' statements in which the company denied mainland authorities would take back control of the... https://www.scmp.com/article/403468/brilliance-accused-issuing-false-statements?utm_source=rss_feed https://www.scmp.com/article/403468/brilliance-accused-issuing-false-statements?utm_source=rss_feed Mon, 13 Jan 2003 16:00:00 +0000 Trade in the shares of Brilliance China Automotive Holdings was suspended yesterday morning as the Liaoning provincial government sought to win control of the company, a source close to the deal said. The Liaoning government - which has been in dispute with Brilliance China's founder Yang Rong over the control of the company for more than six months - plans to buy a 39.45 per cent stake in the maker of cars and minivans from the Chinese Financial Education Development Foundation, the existing... https://www.scmp.com/article/401148/liaoning-government-makes-its-play-brilliance-china?utm_source=rss_feed https://www.scmp.com/article/401148/liaoning-government-makes-its-play-brilliance-china?utm_source=rss_feed Wed, 18 Dec 2002 16:00:00 +0000 Compass Pacific Holdings' controlling shareholder Yang Rong had six directors booted out of the company at a special general meeting yesterday, as his ownership dispute with a mainland provincial government escalated. The ousted directors appear to have been associated with the Liaoning provincial government, which Mr Yang has accused of attempting to seize what he claims to be his personal assets in Brilliance Group, an investment empire he has built in the past decade. The row broke out... https://www.scmp.com/article/398446/compass-pacific-directors-ousted?utm_source=rss_feed https://www.scmp.com/article/398446/compass-pacific-directors-ousted?utm_source=rss_feed Fri, 22 Nov 2002 16:00:00 +0000 Shares in minivan maker Brilliance China Automotive Holdings rose 7.92 per cent yesterday amid optimism about its future in the hands of a mainland provincial government. The stock closed at a near two-month high of HK$1.09 in response to optimism by local brokerages on the company's sales performance in expectation of enhanced corporate governance and transparency. Investors had been scared off by news of an ownership dispute between the company's former high-profile chairman Yang Rong and... https://www.scmp.com/article/398005/brighter-outlook-bolsters-brilliance?utm_source=rss_feed https://www.scmp.com/article/398005/brighter-outlook-bolsters-brilliance?utm_source=rss_feed Mon, 18 Nov 2002 16:00:00 +0000 Due to a failure to adjust for stock splits, Business Post incorrectly reported on Friday that shares of Brilliance China Automotive Holdings had fallen by 96 per cent and Beijing Beida Jade Bird Universal Sci-Tech by 89.5 per cent from their initial public offering prices. https://www.scmp.com/article/386562/brilliance-china-automotive?utm_source=rss_feed https://www.scmp.com/article/386562/brilliance-china-automotive?utm_source=rss_feed Sun, 28 Jul 2002 16:00:00 +0000 The chairman of minibus-maker Brilliance China Automotive Holdings has stepped down after it was rumoured he was investigated over alleged asset stripping. Yang Rong resigned from the board after the company's controlling shareholder, Chinese Financial Education Development Foundation, said he 'failed to better reflect the interests of the foundation', according to an analyst who attended a teleconference chaired by vice-chairman Wu Xiaoan yesterday. Mr Wu succeeded Mr Yang as chairman, the... https://www.scmp.com/article/382667/brilliance-chairman-resigns?utm_source=rss_feed https://www.scmp.com/article/382667/brilliance-chairman-resigns?utm_source=rss_feed Wed, 19 Jun 2002 16:00:00 +0000 Minibus maker Brilliance China Automotive Holdings plunged 16.12 per cent yesterday amid a flood of rumours concerning the company's future. The stock fell 20 HK cents to close at $1.04, its lowest level since September last year, as speculation about boardroom turmoil sent investors running for the exits. Earlier this month Brilliance denied newspaper reports of an investigation into allegations of asset-stripping by the firm's chairman Yang Rong and other senior executives. The company did... https://www.scmp.com/article/382401/brilliance-suffers-sharp-fall?utm_source=rss_feed https://www.scmp.com/article/382401/brilliance-suffers-sharp-fall?utm_source=rss_feed Mon, 17 Jun 2002 16:00:00 +0000 New York-listed minibus maker Brilliance China Automotive Holdings has exercised an option to spend HK$642.55 million to acquire the right to specific car design technology. The deal, through the company's 51 per cent-held Shenyang Automotive, is for the design of sedan cars and multi-purpose vehicles, which will form part of Brilliance China's efforts to diversify in the mainland market. The company, which is also listed in Hong Kong, is buying the technology and design from China Automotive... https://www.scmp.com/article/335602/brilliance-confirms-car-design-deal?utm_source=rss_feed https://www.scmp.com/article/335602/brilliance-confirms-car-design-deal?utm_source=rss_feed Tue, 02 Jan 2001 16:00:00 +0000 Brilliance China Automotive's 51 per cent-owned subsidiary Shenyang Jinbei Passenger Vehicle Manufacturing has announced a 52.6 per cent year-on-year increase in minibus sales to 31,613 units for the first three quarters of this year. Shenyang Jinbei's market share was 25.3 per cent, up from 16.2 per cent. https://www.scmp.com/article/302953/brilliance-unit-driving-force?utm_source=rss_feed https://www.scmp.com/article/302953/brilliance-unit-driving-force?utm_source=rss_feed Thu, 16 Dec 1999 16:00:00 +0000 Mainland-backed Brilliance China Automotive Holding is putting on a brave face despite a poor response to its equity offering in Hong Kong. The underwriters managed to sell only 6.4 per cent of 2.175 million shares in the company's Hong Kong tranche. The company and its lead underwriter, CLSA Global Emerging Markets blamed adverse market conditions for the selling of only 87.4 per cent of a total offering aimed at raising $642.27 million before expenses. According to the underwriting... https://www.scmp.com/article/297111/brilliance-upbeat-despite-sar-setback?utm_source=rss_feed https://www.scmp.com/article/297111/brilliance-upbeat-despite-sar-setback?utm_source=rss_feed Mon, 18 Oct 1999 16:00:00 +0000