China approves plan to expand its largest vanmaker

Newswire

SHANGHAI, Dec 24 (Reuters) - Regulators have approved a plan to boost the capital of China's largest vanmaker, a venture between Brilliance China Automotive Holdings Ltd and Shenyang Jinbei Automotive Co Ltd , Shenyang Jinbei said on Tuesday. The two shareholders agreed last year to increase the paid-in capital of Brilliance Jinbei Car Co Ltd to $444.16 million from $171.16 million. Shenyang Jinbei said in a statement it would invest $133.77 million, or 49 percent of the new capital, by ...

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