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Brilliance Automotive Group is rumored to officially declare bankruptcy today and Brilliance Renault will complete the last 600 million RMB capital injections
According to a report from Tencent Auto, a person familiar with the matter allegedly said parent company Brilliance China (01114.HK), Brilliance Automotive Group Holdings, will officially declare bankruptcy today (20). Reports indicate that Brilliance Renault will hold a board resolution on November 19 that will complete a resolution of 600 million yuan for both sides. The capital injection of RMB (the same below), and for the last time …
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