Reform of state-owned Liaoning Brilliance Group opened brewing overall market

Posted on 7/1/2015 2:19:03 PM

With the advance of reform in state-owned Liaoning Province, Liaoning reform as Brilliance Automotive Group, one of the largest companies also put on the agenda. June 29, Qi Yumin, chairman of Brilliance Auto in an interview with the Economic Observer Online reporter, said, Brilliance Group, the overall market is brewing.
"The overall market is an important direction, but we have no specific timetable." Qi Yumin represents. Brilliance Group currently has its four listed companies, including Brilliance China, the new morning power as well as Hong Kong-listed A-share listing in Jinbei Automobile, Shenhua Holdings. Four sections of the main business of vehicle manufacturers, engine manufacturers, commercial vehicle production and car sales.
A few years ago, the outside world had repeatedly rumored brilliance to the overall market, but over the years has been no movement. "Previously all marketing hype, we never sent an official voice, this is really going to do this." Qi Yumin told reporters.
Qi Yumin told reporters, when the principal leaders of Liaoning Province recently went to inspect the Brilliance Group specifically noted the need for further reform of Brilliance, the direction of reform is the introduction of social capital, the development of mixed ownership, while also including the implementation of ESOP. However, Brilliance To start the overall market is clearly not the time.
Currently, the Department of listed companies Brilliance, Shenhua Holdings and Jinbei Automotive positive at a loss, the two companies are looking positive transformation. In addition, Brilliance Group as well as new assets in brewing market. As the most important business of Brilliance - Chinese cars are still at a loss. This obviously will greatly affect the overall listing plan late.

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