How many listed companies will be involved in the bankruptcy reorganization of Brilliance Group?

As a state-owned enterprise in Liaoning Province, Brilliance Group directly or indirectly holds shares in four listed companies, and established BMW Brilliance through its listed company Brilliance China. There are three independent brands, China, Jinbei and Song Hua, and two joint venture brands, BMW Brilliance and Renault Brilliance.

Xinhua News Agency, Shenyang 1 1.20 The Shenyang Intermediate People's Court ruled on the 20th that it accepted the creditor reorganization application of Brilliance Group Holding Co., Ltd., which marked that the automobile company officially entered the bankruptcy reorganization procedure. The assets of Brilliance Group are not enough to pay off all debts, which has bankruptcy reasons stipulated in the Enterprise Bankruptcy Law. But at the same time, the group also has the value and possibility of saving and the necessity and feasibility of restructuring.

? The relevant person in charge of Brilliance Group said that this reorganization only involves the independent brand sector of the group headquarters, and does not involve listed companies under the group and joint ventures such as BMW and Renault. As the most important partner of BMW in China, the group is expected to be reborn after the reorganization and try its best to recover the losses of creditors. At the same time, BMW Brilliance is still a stable source of profit and will continue to introduce new products and expand its scale. It can be seen that BMW Brilliance has not been implicated, but the sudden default of Brilliance Group has implicated a large number of financial institutions, among which CDB Securities is one. CDB Securities is the lead underwriter of several bonds of Brilliance, and its underwriting scale of high-quality corporate bonds of Brilliance Group Holding Co., Ltd. in 20 18 reached 1000 billion, making it the first high-quality corporate bond of manufacturing industry in the market.

In fact, Huatai Asset Management was first exposed. Since the end of 10, the net value of more than 10 bond funds under Huatai Securities Asset Management Co., Ltd. has plummeted, which is probably caused by the sinking investment credit of fund managers in pursuit of higher returns. In addition, the second quarterly report of ICBC Credit Suisse Bank Ruiying shows that 18 Huaqi 0 1 is its top five heavyweight bonds, which have disappeared from the heavyweight stocks disclosed in the third quarterly report, which is likely related to recent market changes.