Recently, HuaChen Automotive Group Holdings Limited (hereinafter referred to as "HuaChen Group") issued a "Clarification Announcement on Recent Rumors" stating that there have been market rumors suggesting "HuaChen Group is considering selling the remaining 25% stake in BMW Brilliance." Upon verification by the company, it is confirmed that the above-mentioned reports are not true.
HuaChen Group stated that as of the disclosure date of the announcement, the company has not received any written or verbal information from government departments, regulatory agencies, or company shareholders regarding the aforementioned rumors. The company is also not aware of the source of the information reported in the media. To avoid misleading investors, the clarification is provided.
HuaChen Group emphasized that the company will fulfill its disclosure obligations based on the actual progress of the restructuring. The company commits to disclosing information that is true, accurate, complete, and timely. It will strictly adhere to relevant laws, regulations, and self-disciplinary rules in the bond market, ensuring proper information disclosure during the bond tenure.
According to the HuaChen Group official website, the company was established in 2002 and focuses on the research and development, design, manufacturing, sales, and after-sales service of complete vehicles, engines, and core components in the automotive industry. It is also involved in other sectors, including new energy.
