Brilliance China Auto delays results to clarify unauthorized guarantees

Brilliance China Automotive (1114) said its 2020 annual results will be delayed as it needs more time to finalize the report and clarify information relating to some unauthorized guarantees and resulting legal proceedings involving a subsidiary.

The company said it is assisting and cooperating with the auditors to finalize the report so that the annual results can be available as soon as practicable.

Trading of Brilliance China Automotive has been suspended today.