HONG KONG, March 2 /PRNewswire-Asia-FirstCall/ -- Brilliance China
Automotive Holdings Limited (the ''Company'') (OTC Bulletin Board: BCAHY; SEHK:
1114) has filed today with the United States Securities and Exchange
Commission (the ''SEC'') a Form 15F to deregister the ordinary shares
underlying its American Depositary Shares (''ADSs'') under the United States
Securities Exchange Act of 1934, as amended (the ''Exchange Act''). The
Company's reporting obligations under the Exchange Act will be suspended
immediately upon such filing. The deregistration is expected to become
effective 90 days after the filing of the Form 15F unless earlier withdrawn by
the Company or denied by the SEC.
The decision to deregister has been reached in view of the low trading
volume of the Company's ADSs and the increase in administrative costs and
human resources required to comply with US reporting and registration
obligations. The Company's ordinary shares will continue to be listed and
traded on the Main Board of The Stock Exchange of Hong Kong Limited after the
deregistration.
For further information, please contact:
Lisa Ng
Brilliance China Automotive Holdings Limited
Tel: +852-2523-7227
Carol Lau
CMGRP (Hong Kong) Limited
Tel: +852-2533-9981
SOURCE Brilliance China Automotive Holdings Limited
