The parent of BMW AG’s main Chinese joint-venture partner has canceled a plan to pledge shares in a Hong Kong-listed subsidiary for loans amid accusations that the state-owned automaker was deliberately failing to pay its debts.
BMW’s Chinese Partner Cancels Hong Kong Share Pledge Amid Debt-Dodging Complaints
2020年12月30日 20:46
来源于
财新网
Brilliance Auto pulls the plug after defaulting on debts totaling $1 billion as investors decry offloading of assets
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- Brilliance Auto, the parent of BMW’s main Chinese joint-venture partner, has cancelled a plan to pledge shares in a Hong Kong-listed subsidiary to secure a loan. Photo: IC Photo
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