Brilliance China Automotive Unit to Acquire Machinery Equipment

MT Newswires Live

04-29

Brilliance China Automotive (HKG:1114) unit Jinbei (Shenyang) Automotive agreed to purchase 136 units of machinery equipment from Huachen Automotive Group for a little over 54.4 million, a Monday Hong Kong bourse filing said.

The agreement came as a result of Jinbei (Shenyang) Automotive placing a successful bid for the purchase through a public tender.

Huachen Automotive is a substantial shareholder of BMW vehicle manufacturer and seller Brilliance China Automotive.

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