Brilliance China Automotive Holdings Ltd. will increase its stakes in subsidiaries Shenyang Automotive and Jinbei Motors through acquisition of their holding companies. Brilliance will buy out the government’s shares in both, owning 40.1% of Jinbei and increasing its stake in Shenyang to 70.7% from 51%. Brilliance is purchasing Shenyang Automobile Industry Asset Management Co. for RMB1 ($0.12) and assuming the company’s debt, which is estimated at RMB185 million ($22.4 million). ...
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