Brief: Brilliance China Automotive Updates On Legal Proceedings Involving A Unit

Brilliance China Automotive Holdings

04/03/2022 13:07

March 4 (Reuters) - Brilliance China Automotive Holdings Ltd
 1114.HK :
    * UPDATES ON LEGAL PROCEEDINGS INVOLVING A WHOLLY-OWNED
SUBSIDIARY
    * LEGAL PROCEEDING HAS BEEN INITIATED BY HUAXIA BANK AGAINST
SJAI
IN RESPECT OF A CLAIM OF APPROXIMATELY RMB130 MILLION
    * SJAI HAS NOT YET RECEIVED STATEMENT OF CLAIM IN RELATION
TO
PROCEEDING
    * NOTIFIED THAT COURT ORDER HAS BEEN ISSUED BY COURT TO
FREEZE
DEPOSITS OF SJAI DEPOSITED WITH INDUSTRIAL BANK
    * COURT HAS ORDERED TO FREEZE DEPOSITS OF SJAI IN AMOUNT OF
RMB199.6 MILLION

Further company coverage:  1114.HK 

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