Restructuring plan for Brilliance China’s parent company approved by creditors, court
COMPANY NEWS STOCKS
Restructuring plan for Brilliance China’s parent company approved by creditors, court
COMPANY NEWS STOCKS

Restructuring plan for Brilliance China’s parent company approved by creditors, court

 

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The restructuring plan for the parent company of automaker Brilliance China has been approved by creditors and the Intermediate People’s Court of Shenyang, Liaoning Province, according to China’s national enterprise bankruptcy information disclosure platform.

Earlier on Thursday, the trading in the shares of Brilliance China had been halted at the request of the company pending an announcement in relation to inside information.

The shares fell by 1% prior to the trading halt to post at $3.94. The trading in the share of its affiliate Power Xinchen was also halted.