11/25/2023 0 Comments Brilliance automotive enterpriseIts products include automobiles, microvans, and automotive components. Ltd., known for its brand name Brilliance Auto Group, was a Chinese multinational automobile manufacturer holding company headquartered in Shenyang. Source: īrilliance Auto dealership in Beijing, China "China morning" automotive group holdings limited companyįinancial figures are from consolidated financial statements profit and equity have excluded minority interest. Huáchén qìchē jítuán kònggǔ yǒuxiàn gōngsī 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.Brilliance Auto ( SEHK: 1114 42.32%) (Reporting by Luoyan Liu and Andrew Galbraith, Editing by Vidya Ranganathan and Ed Osmond)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 Tsinghua Unigroup has several core subsidiaries, including Unisplendour Corporation Limited and Unigroup Guoxin Microelectronics Co. The company had nearly 40,000 employees at the end of 2018. Tsinghua Unigroup, founded by China's prestigious Tsinghua University in Beijing, is a digital infrastructure and services company with a focus on electronic components and equipment manufacturing. Investors dumped bonds last week issued by state-backed integrated circuit maker Tsinghua Unigroup Ltd, following a debt warning from a rating agency.Ĭhina Chengxin International Credit Rating ("CCXI") downgraded Tsinghua Unigroup's credit rating to AA from AAA and continued to include it in a watch list for possible downgrades.ĬCXI said Unigroup's debt repayment was still uncertain as the company faced significant pressure collecting funds to repay maturing debts, and as there had been no material progress in its strategic restructuring. Huachen has a total of 47,000 employees and assets of more than 190 billion yuan, it said on its website. Huachen said on Monday that creditors had applied to a Chinese court to restructure the company. The company is the parent of Brilliance Automotive Holdings, the Chinese joint venture partner of BMW. Huachen Automotive Group, a key state-owned enterprise owned by the government of Liaoning province, defaulted on a 1-billion-yuan bond last month, citing financial strain. The company is a unit of Henan Energy and Chemical Industry Group Company Limited, and is ultimately controlled by the Henan provincial State-Owned Assets Supervision and Administration Commission. Yongcheng is a wholly state-owned company mainly engaged in the investment and management of coal, electricity, railway, chemical and mining. Yongcheng Coal & Electricity Holding Group Company Limited said in a statement that it failed to make principal and interest payments on 1 billion yuan ($152 million) in maturing commercial paper, just weeks after raising 1 billion yuan through a debt issue. YONGCHENG COAL & ELECTRICITY HOLDING GROUP Below is a list of SOEs whose debt problems in recent weeks have raised concerns among investors.ĭefaults have been mainly concentrated in traditional industries, including coal and automobiles.
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