Shenyang Jinbei Automotive News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stay updated with breaking news from Shenyang jinbei automotive. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Top News In Shenyang Jinbei Automotive Today - Breaking & Trending Today

The Parent Of BMW's Chinese Partner And Its Executives Fined Nearly $9M By Gov Regulators

False reporting and incomplete disclosures have led China’s securities regulator to fine Huachen Automotive Group Holdings and some of its executives a total of nearly $9 million.
The company owns Brilliance China Automotive, BMW’s main Chinese partner. Together, the companies formed BMW Brilliance Automotive under China’s requirement that foreign automakers partner with local companies.
BMW Brilliance accounts for nearly all of Brilliance’s profit, per Reuters. As Huachen Automotive Group sought to launch its own automotive brands, it sank deeply into debt. In 2020, the company defaulted on 6.5 billion yuan (a little over $1 billion USD) in debt last year. ....

Jochen Goller , Liaoning Shenhua Holding , Huachen Automotive Group Holdings , China Partner Parent Company Facing Debt , Shanghai Stock Exchange , Huachen Automotive Group , Brilliance China Automotive , Parent Company Facing Debt , Shenyang Jinbei Automotive , Auto Shanghai , ஷாங்காய் ஸ்டாக் பரிமாற்றம் , புத்திசாலித்தனம் சீனா தானியங்கி , ஆட்டோ ஷாங்காய் ,

China Regulator Fines Parent Of BMW Partner Over False Accounting

China Regulator Fines Parent Of BMW Partner Over False Accounting
(Nikkei Asia) China’s securities regulator has fined Huachen Automotive Group Holdings and a group of current and former executives almost $9 million over false and incomplete disclosures made during bond sales by the bankrupt corporate parent of BMW’s local joint venture partner.
Last week, Brilliance China Automotive, BMW’s Hong Kong-listed partner, revealed that it had discovered that subsidiaries had guaranteed 5.89 billion yuan ($905.91 million) in Huachen bank borrowings without authorization.
The latest disclosures involve two Shanghai-listed units of Huachen, car parts maker Shenyang Jinbei Automotive and Liaoning Shenhua Holdings, an auto distributor and retailer. ....

Yang Ge , Jochen Goller , Kelvin Lau , Jefferie Alexious Lee , Liaoning Shenhua , Qi Yumin , Huachen Automotive Group Holdings , Shanghai Shenhua Holdings , China Securities Regulatory Commission , Central Commission For Discipline Inspection , Shanghai Stock Exchange , Liaoning Shenhua Holdings , Nikkei Asia , Brilliance China Automotive , Shenyang Jinbei Automotive , Chairman Qi Yumin , Central Commission , Discipline Inspection , Brilliance China , Daiwa Capital Markets , Hong Kong , Alexious Lee , Shenyang Jinbei , யாங் கே , கெல்‌விந் லாவ் , சீனா பத்திரங்கள் ஒழுங்குமுறை தரகு ,