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Brilliance China Automotive Holdings Ltd. (BCAUF)

Other OTC - Other OTC Delayed Price. Currency in USD
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0.58220.0000 (0.00%)
At close: 09:20AM EST
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  • Zacks

    Brilliance China Automotive Holdings Ltd. Unsponsored ADR (BCAUY) Moves to Buy: Rationale Behind the Upgrade

    Brilliance China Automotive Holdings Ltd. Unsponsored ADR (BCAUY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

  • Reuters

    Exclusive: China's FAW considers acquiring BMW partner Brilliance in $7.2 billion deal - sources

    FAW Group is looking at acquiring Brilliance China Automotive Holdings Ltd, BMW's main Chinese partner, in deals that may cost it some $7.2 billion and then take it private, two people with direct knowledge of the matter told Reuters. The potential acquisition by state-owned FAW, China's No. 2 automaker, comes at a time when Brilliance's top shareholder Huachen Automotive Group is on the brink of bankruptcy, having defaulted on 6.5 billion yuan ($1 billion) in debt obligations late last year. Under plans currently being discussed, FAW would first purchase 30.43% of Brilliance owned by Huachen and 11.89% owned by the state-controlled Liaoning Provincial Transportation Investment Group, said the sources.

  • Reuters

    Exclusive: China's FAW considers acquiring BMW partner Brilliance for about $7.2 billion - sources

    FAW Group is looking at acquiring Brilliance China Automotive Holdings Ltd for about $7.2 billion in a two-stage deal that would see BMW's main Chinese partner taken private, two people with direct knowledge of the matter told Reuters. The potential acquisition by state-owned FAW, China's No. 2 automaker, comes at a time when Brilliance's top shareholder Huachen Automotive Group is on the brink of bankruptcy, having defaulted on 6.5 billion yuan ($1 billion) in debt obligations late last year. Under plans being discussed, FAW would first purchase 30.43% of Brilliance owned by Huachen and 11.89% held by the state-controlled Liaoning Provincial Transportation Investment Group, said the sources.