Brief: Brilliance China Automotive Says RBJAC, SJAI & Administrator Enters Restructuring Investment Agreement

Brilliance China Automotive Holdings

17/05/2023 11:32

May 17 (Reuters) - Brilliance China Automotive Holdings
Ltd  1114.HK :
    * RBJAC, SJAI AND ADMINISTRATOR HAVE ENTERED INTO
RESTRUCTURING
INVESTMENT AGREEMENT
    * UNDER DEAL, EXISTING PAID-UP CAPITAL OF RBJAC HELD BY SJAI
AND
RENAULT, RESPECTIVELY PROPOSED TO BE REDUCED TO NIL
    * UNDER DEAL,  ALL XYD DEBT AND RENAULT DEBT ARE PROPOSED TO
BE
CAPITALISED INTO SHAREHOLDERS' EQUITY OF RBJAC
    * UNDER DEAL,  CASH CONTRIBUTION IS PROPOSED TO BE INJECTED
INTO
RBJAC BY SJAI
    * AMOUNT OF FORMAL PROPOSED CAPITAL CONTRIBUTION WAS
DETERMINED TO
APPROXIMATELY RMB3.349 BILLION

Source text for Eikon:  ID:nHKSbwYPKl 
Further company coverage:  1114.HK 

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