Brilliance China Automotive sinks to 5-month low as chairman quits

Brilliance China Automotive Holdings

12/09/2024 04:18

** Shares of Brilliance China Automotive Holdings Ltd
 1114.HK  drop as much as 11.2% to HK$2.62, their lowest since
April 5, and on course for a fifth consecutive session of fall
    ** Stock on track for the biggest one-day pct decline since
Feb 6, if trend holds
    ** The Chinese vehicles maker says Wu Xiao An has tendered
his resignation as an executive director of the company and
chairman of the board with effect from Sept 11 due to his other
commitment 
    ** Co says it is in the process of identifying a suitable
candidate to be appointed as the authorised representative 
    ** BMW holds 75% of BMW Brilliance Automotive via a joint
venture with Brilliance China Automotive   
    ** Hang Seng Commerce & Industry Index  .HSNC  adds 0.9% and
Hang Seng Index  .HSI  climbs 0.8%
    ** Brilliance China stock up 73.6% YTD  

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