Brilliance China Automotive hits 4-month peak on special dividend plan

Brilliance China Automotive Holdings

06/07/2023 04:03

** Shares of Brilliance China Automotive Holdings Ltd
 1114.HK  jump as much as 19% to HK$3.89, their highest since
March 7
    ** Stock on course for the biggest one-day pct rise since
November 2009, if gains hold; biggest pct gainer in Hang Seng
Composite Index  .HSCI  
    ** The BMW  BMWG.DE  vehicles maker in China says it plans
to declare a special dividend of no less than HK$0.96 per share
to be payable on Aug. 31
    ** The Chinese automaker says it is exploring investment
opportunities including cooperation with BMW with respect to
supply of components for BMW vehicles
    ** The Hang Seng Commerce & Industry Index  .HSNC  falls
1.2%, the Hang Seng Composite Index  .HSCI  declines 2% and the
Hang Seng Index  .HSI  drops 2.3%
    ** Stock down 6.8% so far this year as of last close 

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))