Manufacturer of specialized in various engine camshafts

It is rumored that FAW acquired the shares of Brilliance China. Brilliance responded: It has been reported to the manager

by:Yisheng      2021-06-25

On February 3, it was reported that FAW Group plans to acquire Brilliance China (01114.HK) shares at 11 Hong Kong dollars per share (a 70% premium) for approximately US$7.2 billion.


In this regard, the relevant person in charge of Brilliance Group said in an interview with the reporter of 'Daily Economic News': 'We have not received the exact information for the time being, but we have paid attention to the media reports and have reported it (Brilliance Group) Manager.'


However, a source said publicly on social media: 'We have asked the parties to verify (on the above news), and the core executives of the parties called this news false (news).'


At the same time, the reporter also sought confirmation from the FAW Group, but as of press time, the other party has not yet responded.



Maybe affected by the above news, the share price of Brilliance's listed company ushered in a rise today. Among them, Brilliance China once rose more than 25%, and then fell. As of press time, Brilliance China's share price rose 13.994%; Xinchen Power (01148.HK) share price rose 13.793%; Jinbei Auto (600609.SH) had a daily limit.

Custom message
Chat Online
Chat Online
Leave Your Message inputting...
Sign in with: