Brilliance China Automotive Holdings Limited

News and Blogs

Total : 20 View more »

Brilliance China Automotive Holdings Limited (OTC Bulletin Board: BCAHY; HKEx: 1114) Announces the Unusual Share Price and Trading Volume Movement

news.prnewswire.com | Nov 18, 2008

The Company proposes to renew the annual caps for certain continuing connected transactions and to renew the cross-guarantee by/to certain connected persons, which have been the subject of announcements made by the Company in previous years.

http://news.prnewswire.com/ViewContent.aspx?ACCT=109&STORY=/www/story/11-18-2008/0004927621&EDATE=

China Automotive Systems Receives Orders From Dongfeng Peugeot Citroen on New Car Model

www.prnewswire.com

- Total Two Car Models Now Supplied by CAAS - WUHAN, Hubei, China, Oct. 14 /Xinhua-PRNewswire-FirstCall/ -- China Automotive Systems, Inc. (Nasdaq: CAAS), a leading power steering components and systems supplier in China, today announced that its subsidiary, Jingzhou Henglong Automotive Parts Co.

http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=109&STORY=/www/story/10-14-2008/0004903525&EDATE=

Ford executive: Automaker met salaried cost-cut goal in North America

www.topix.net | Aug 7, 2008

Automakers news continually updated from thousands of sources around the net.

http://www.topix.net/business/automakers

Frankfurt Preview: Suzuki Splash

TOKYO Suzuki has released some information about its new Splash minicar, which is to be built in Hungary, ahead of its official bow at the Frankfurt auto show in September. Suzuki targets sales of about 60,000 in Europe next year.

http://www.indiacar.net/news/n60871.htm

Web Sites

Total : 6 View more »

Bank of NY Depositary Receipts - DR Profile

This information and data is provided for general informational purposes only. The Bank of New York and our information suppliers do not warrant or guarantee the accuracy, timeliness or completeness of this information or data.

http://www.adrbny.com/dr_profile.jsp?cusip=10949Q105

Brilliance China Automotive Holdings Limited Successfully Launches Electronic Fuel Injection

HONG KONG - The main automotive subsidiary of Brilliance China Automotive Holdings Limited (the "Company"), Shenyang Jinbei Passenger Vehicle Manufacturing Co., Ltd.

http://www.autointell.com/news-2000/January-2000/January-25-00-p11.htm

Automotive World - Brilliance China Automotive Holdings announces 2003 year-end results

Brilliance China Automotive Holdings announced its results on 22 April for the year ended 31 December 2003, in accordance with the generally accepted accounting principles in the United States, and its board's recommendation for a cash dividend payme...

http://www.automotiveworld.com/AEM/content.asp?contentid=27406

irasia.com - Brilliance China Automotive Holdings Limited

Brilliance China Automotive Holdings Limited ("CBA") is primarily engaged in the manufacturing and distribution of minibuses in China through its 51%-owned subsidiary, Shenyang JinBei Passenger Vehicle Manufacturing Company, Limited ("Shenyang Automotive").

http://www.irasia.com/cgi-local/ilistco/listcoprofile.cgi?companyID=3292

 

China Automotive Systems to Announce 2008 Third Quarter Financial Results on November 12 - Zibb.com

China Automotive Systems, Inc. (Nasdaq: CAAS), a leading power steering components and systems supplier in China, today announced that it will issue financial results for the third quarter ended September 30, 2008 on Wednesday, November 12, 2008 before the stock market opens. Management will conduct a conference call on Wednesday, November 12 at 8:00 a.m. Eastern Standard Time to discuss these results. A question and answer session will follow management's presentation.

To participate, please call the following numbers 10 minutes before the call start time and ask to be connected to the "China Automotive Systems" conference call:

Phone Number: +1-877-407-8035 (North America)

Phone Number: +1-201-689-8035 (International)

In addition, the conference call will be broadcast live over the Internet at: http://www.caasauto.com .

Please go to the web site at least 15 minutes early to register, download and install any necessary software.

A telephone replay of the call will be available after the conclusion of the conference call through 11:59 PM Eastern Standard Time on Wednesday, November 26, 2008. The dial-in details for the replay are: U.S. Toll Free Number +1-877-660-6853, International dial-in number +1-201-612-7415; using Account "286" and Conference ID "301311" to access the replay. The internet audio stream will also be available until 11:59 pm Eastern Standard Time on Wednesday, November 26.

About CAAS

Based in Hubei Province, People's Republic of China, China Automotive Systems, Inc. is a leading supplier of power steering components and systems to the Chinese automotive industry, operating through seven Sino-foreign joint ventures. The Company offers a full range of steering system parts for passenger automobiles and commercial vehicles. The Company currently offers 4 separate series of power steering and 307 models of power steering with an annual production capacity of 1.1 million sets, steering columns, steering oil pumps and steering hoses. Its customer base is comprised of leading Chinese auto manufacturers such as China FAW Group, Corp., Dongfeng Auto Group Co., Ltd., Brilliance China Automotive Holdings Ltd., Beiqi Foton Motor Co., Ltd. and Chery Automobile Co., Ltd., etc. For more information, please visit: http://www.caasauto.com .

Safe Harbor Statement

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations or beliefs, including, but not limited to, statements concerning the Company's operations, financial performance and condition, and the impact of acquisitions on its financial performance. For this purpose, statements that are not statements of historical fact may be deemed to be forward-looking statements. The Company cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the impact of competitive products, pricing and new technology; changes in demand for the Company's products; changes in consumer preferences and tastes; and effectiveness of marketing; changes in laws and regulations; fluctuations in costs of production, delays and cost overruns related to developing and opening new production facilities; and other factors as those discussed in the Company's reports filed with the Securities and Exchange Commission from time to time.

    For further information, please contact:

     Jie Li
     Chief Financial Officer
     China Automotive Systems
     Email: jieli@chl.com.cn

     Kevin Theiss
     Investor Relations
     Grayling Global
     Tel:   +1-646-284-9409
     Email: ktheiss@hfgcg.com

     Stacey Dimakakos
     Financial Media Relations
     Grayling Global
     Tel:   +1-646-284-9417
     Email: sdimakakos@hfgcg.com

SOURCE China Automotive Systems, Inc.

http://www.caasauto.com

Read more...

Tags: acquisition   automobile   automotive   china   commercial   conference   consumer   email   financial results   market   marketing   nasdaq   north america   oil   products   regulations   securities   software  

Companies: China Automotive Systems Inc (CAAS)

Permalink

 

Brilliance China Automotive Holdings Limited (OTC Bulletin Board: BCAHY; HKEx: 1114) Announces the



                 BRILLIANCE CHINA AUTOMOTIVE HOLDINGS LIMITED
               (Incorporated in Bermuda with limited liability)
                              (Stock Code: 1114)

               UNUSUAL SHARE PRICE AND TRADING VOLUME MOVEMENT


This statement is made at the request of The Stock Exchange of Hong Kong Limited.

The board of director (the "Board") of Brilliance China Automotive Holdings Limited (the "Company") has noted the increase in share price and trading volume of the shares of the Company today and wishes to state that the Board is not aware of any reasons for such increase in share price and trading volume.

The Company proposes to renew the annual caps for certain continuing connected transactions and to renew the cross-guarantee by/to certain connected persons, which have been the subject of announcements made by the Company in previous years. The Board confirms that there are no negotiations or agreements relating to intended acquisitions or realizations which are discloseable under Rule 13.23 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules"), nor is the Board aware of any matter discloseable under the general obligation imposed by Rule 13.09 of the Listing Rules, which is or may be of a price-sensitive nature.

This statement is made by the order of the Board, the directors of which individually and jointly accept responsibility for the accuracy of this statement.

As at the date of this announcement, the Board comprises four executive directors, Mr. Wu Xiao An (also known as Mr. Ng Siu On) (Chairman), Mr. Qi Yumin (Chief Executive Officer), Mr. He Guohua and Mr. Wang Shiping; one non- executive director, Mr. Lei Xiaoyang; and three independent non-executive directors, Mr. Xu Bingjin, Mr. Song Jian and Mr. Jiang Bo.

                                        By order of the Board
                             Brilliance China Automotive Holdings Limited
                                              Wu Xiao An
                                       (also known as Ng Siu On)
                                                Chairman


    Hong Kong, 18th November, 2008


    For further information, please contact:

     Lisa Ng
     Brilliance China Automotive Holdings Limited
     Tel: +852-2523-7227

     Carol Lau
     Weber Shandwick in Hong Kong
     Tel: +852-2533-9981

SOURCE Brilliance China Automotive Holdings Limited

Read more...

Tags: acquisition   automotive   bermuda   ceo   china   executive   hong kong   otc   securities  

Companies: Brilliance China Automotive Holdings, Ltd (BCAHY)

Permalink

 

Brilliance China Rekindles Europe Dream - Zibb.com

Brilliance China Automotive Holdings Limited (NYSE: CBA and SEHK: 1114) is restarting its plan to export Zhonghua Junjie sedan to Germany, and have a presence in the European market by 2009.

The Chinese automaker's Zhonghua Junjie to be launched in the German market is Brilliance BS4 medium-grade compact sedan, which is to be displayed and sold at EUR 15,990 at 124 auto exhibition halls in the country as planned. Hans-Ulrich Sachs, general manager of HSO Motors Europe, importer of Brilliance cars, expects a sale of 10,000 units for Zhonghua Junjie in the European market in 2009.

In the domestic market, Brilliance China promoted two series of Granse diesel MPVs (multi-purpose vehicles) covering ten models, with prices ranging from CNY 136,800 to CNY 164,800.The vehicles are said to be the first alike model to meet the European Union (Phase III) Emission Standards (Euro III) and Application of On-Board Diagnostic System (OBD).

They consume 30% less fuels than gasoline-fired counterparts with the same displacement, and engine power is 20% stronger than that of gasoline products, pointed out Bai Gang, sales director of Jinbei cars at the sales division of Shenyang Brilliance Jinbei Automotive Co., Ltd.

Previously, among Chinese carmakers, only Anhui Jianghuai Automobile Co., Ltd. (SHSE: 600418) launched Refine diesel MPV. Clearly, they are adapting to the changes in the Chinese market. When the country is implementing environmental-friendly policies, energy-saving and low-emission cars will be sold well.

Boosted by the news above, Brilliance China's stock rose 10.345% on October 31, 2008.

Meanwhile, the company reveals that it will enlarge investments in building the largest complete car base in western China.

In July 2007, Brilliance China's Mianyang base broke earth in southwest Sichuan Province, which is designed to produce pick-up trucks for the company's exports, and Jinbei-branded serial off-road vehicles, light-duty passenger cars and trucks.

The first phase will have an annual production capacity of 60,000 vehicles, and be expanded to 100,000 vehicles in 2010. By then, the base will generate sales revenues of CNY 6.5 billion per year.

Although the Wenchuan earthquake in May 2008 struck the Mianyang base, and damaged its facilities, the top management of Brilliance China remarks that construction will go on in spite of difficulties. Recently, the company's southern base was put into production, producing mini passenger cars, crossovers (XUVs or CUVs), and pick-up trucks.

(USD 1 = CNY 6.83, USD 1 = EUR 0.78)

From www.cnstock.com, Page 1, Monday, November 03, 2008
 info@SinoCast.com

Read more...

Tags: automobile   automotive   cba   china   construction   earthquake   energy   euro   europe   export   gasoline   germany   market   nyse   prices   products   sales   standards   unions  

Companies: Brilliance China Automotive Holdings, Ltd (BCAHY)

Permalink

 

Brilliance China Automotive Holdings Limited (OTC Bulletin Board: BCAHY; HKEx: 1114) Announces the



               BRILLIANCE CHINA AUTOMOTIVE HOLDINGS LIMITED (*)
               (Incorporated in Bermuda with limited liability)
                              (Stock Code: 1114)


                      RESULTS OF SPECIAL GENERAL MEETING
                         HELD ON 11TH NOVEMBER, 2008

The Board is pleased to announce that the Ordinary Resolution relating to the cancellation of the outstanding Options granted under the 2002 Share Option Scheme was duly passed by the Shareholders attending and voting at the SGM other than the Optionholders and their associates by way of poll at the SGM held on 11th November, 2008. The Board also announces that the Ordinary Resolution for the adoption of the New Share Option Scheme and termination of the 2002 Share Option Scheme was also duly passed by the Shareholders attending and voting at the SGM by a show of hands at the SGM.

Reference is made to the announcement made by the Company dated 15th October, 2008 and the circular issued by the Company dated 24th October, 2008 relating to the proposed cancellation of the outstanding Options granted under the 2002 Share Option Scheme and the adoption of the New Share Option Scheme (the "Circular"). Unless otherwise defined, terms used herein shall have the same meanings as in the Circular.

The Board is pleased to announce that the Ordinary Resolution relating to the cancellation of the outstanding Options granted under the 2002 Share Option Scheme was duly passed by the Shareholders attending and voting at the SGM other than the Optionholders and their associates by way of poll at the SGM held on 11th November, 2008. The Company's branch share registrar and transfer office in Hong Kong, Computershare Hong Kong Investor Services Limited, was appointed as the scrutineer for the vote-taking at the SGM.

As at the date of the SGM, the number of issued Shares of the Company was 3,669,765,900 Shares. The Optionholders and their associates who are entitled to exercise control over the voting right in respect of 1,133,000 Shares, representing approximately 0.031% of the issued share capital of the Company and have abstained from voting on the Ordinary Resolution to approve the cancellation of the outstanding Options granted under the 2002 Share Option Scheme. As such, independent Shareholders holding a total of 3,668,632,900 Shares, representing approximately 99.969% of the issued share capital of the Company, were entitled to attend and vote for or against the Ordinary Resolution to approve the cancellation of the outstanding Options granted under the 2002 Share Option Scheme at the SGM.

    * for identification purposes only



Details of the poll results in respect of the Ordinary Resolution to approve the cancellation of the outstanding Options granted under the 2002 Share Option Scheme are as follows:-

    Ordinary Resolution proposed at      FOR         AGAINST   Total number
    the SGM                             votes(%)    votes(%)    of votes

    To approve the cancellation of
    the outstanding Options to       2,352,138,119    16,000  2,352,154,119
    subscribe for 92,125,000 Shares   (99.999320%)  (0.000680%)
    at par value of US$0.01 each of
    the Company which have been granted
    but not exercised as at the date
    of the passing of this resolution,
    pursuant to the share
    option scheme of the Company
    adopted on 28th June, 2002 and to
    authorise the Directors of the
    Company to do all such acts,
    execute all such documents and
    deeds as they in their discretion
    consider necessary or desirable
    to give effect to the foregoing.



The Board also announces that the Ordinary Resolution for the adoption of the New Share Option Scheme and termination of the 2002 Share Option Scheme was also duly passed by the Shareholders attending and voting at the SGM by a show of hands at the SGM.

As at the date of this announcement, the Board comprises four executive directors, Mr. Wu Xiao An (also known as Mr. Ng Siu On) (Chairman), Mr. Qi Yumin (Chief Executive Officer), Mr. He Guohua and Mr. Wang Shiping; one non- executive director, Mr. Lei Xiaoyang; and three independent non-executive directors, Mr. Xu Bingjin, Mr. Song Jian and Mr. Jiang Bo.




                                       By order of the Board
                           Brilliance China Automotive Holdings Limited
                                            Wu Xiao An
                                    (also known as Ng Siu On)
                                             Chairman


    Hong Kong, 11th November, 2008



    For further information, please contact:

     Lisa Ng
     Brilliance China Automotive Holdings Limited
     Tel: +852-2523-7227

     Carol Lau
     Weber Shandwick in Hong Kong
     Tel: +852-2533-9981

SOURCE Brilliance China Automotive Holdings Limited

Read more...

Tags: automotive   bermuda   ceo   china   executive   exercise   hong kong   otc  

Companies: Brilliance China Automotive Holdings, Ltd (BCAHY)

Permalink

 

News from Zibb.com

Explore Related Products

Explore in Related Industries

Explore Related Topics

View all 85 Topics ...