Previous close | 0.9250 |
Open | 0.9450 |
Bid | 0.0000 x 0 |
Ask | 0.0000 x 0 |
Day's range | 0.8550 - 0.9450 |
52-week range | 0.5900 - 1.1300 |
Volume | 2,100 |
Avg. volume | 8,326 |
Market cap | 4.306B |
Beta (5Y monthly) | N/A |
PE ratio (TTM) | 8.47 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | N/A |
FAW Group is looking at acquiring Brilliance China Automotive Holdings Ltd, BMW's main Chinese partner, in deals that may cost it some $7.2 billion and then take it private, two people with direct knowledge of the matter told Reuters. The potential acquisition by state-owned FAW, China's No. 2 automaker, comes at a time when Brilliance's top shareholder Huachen Automotive Group is on the brink of bankruptcy, having defaulted on 6.5 billion yuan ($1 billion) in debt obligations late last year. Under plans currently being discussed, FAW would first purchase 30.43% of Brilliance owned by Huachen and 11.89% owned by the state-controlled Liaoning Provincial Transportation Investment Group, said the sources.
FAW Group is looking at acquiring Brilliance China Automotive Holdings Ltd for about $7.2 billion in a two-stage deal that would see BMW's main Chinese partner taken private, two people with direct knowledge of the matter told Reuters. The potential acquisition by state-owned FAW, China's No. 2 automaker, comes at a time when Brilliance's top shareholder Huachen Automotive Group is on the brink of bankruptcy, having defaulted on 6.5 billion yuan ($1 billion) in debt obligations late last year. Under plans being discussed, FAW would first purchase 30.43% of Brilliance owned by Huachen and 11.89% held by the state-controlled Liaoning Provincial Transportation Investment Group, said the sources.
The Zacks Analyst Blog Highlights: Brilliance China, Baidu, Impala and Dr. Reddy's