Press "Enter" to skip to content

State-owned conglomerate Huachen Automotive enters restructuring process

A Chinese court has accepted an application from a creditor of Huachen Automotive Group Holding Co Ltd seeking the restructuring of the parent of BMW AG's joint venture partner Brilliance China Automotive Holdings Ltd.

The Liaoning Shenyang Municipal Intermediate People's Court has accepted application from GZ Tooling Group Co Ltd, an auto mould supplier, seeking restructuring of Huachen Automotive, which means that the company officially entered the process of bankruptcy and restructuring.

Huachen . . .

To continue reading, please subscribe and you will get:

 

  • ORIGINAL, DATA-DRIVEN & IN-DEPTH STORIES 
  • THE WIRE - An all-in-one platform with up-to-the-minute updates of market-moving news and views sources via a network of journalists, traders, brokers, analysts, etc. and from multiple credible news outlets in mainland China. We The Wire 24/7, we walk you through every trading day in mainland China and Hong Kong.
  • DETAILS - General information is everywhere, but information with details is rare.
  • WEEKLY NEWSLETTER - A summary of the week's top news distilled into one email.

FREE TRIAL cancel anytime

Already have an account? Sign In

 

 

Top