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Brilliance Renault Jinbei’s bankruptcy may result in Jinbei Automotive’s loss of CNY 48 million

On January 5, 2022, Shenyang Jinbei Automotive Co., Ltd. (Jinbei Automotive) announced that its stakeholder and client Brilliance Renault Jinbei Automobile Co., Ltd. (Brilliance Renault Jinbei) filed for bankruptcy to Intermediate People’s Court of Shenyang in Liaoning province on December 30, 2021.
Jinbei Automotive....

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