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Asian equities were mixed overnight following Apple’s earnings “beat” as Hong Kong outperformed, India underperformed, and Japan was closed for Constitution Day, which is the celebration of the 1947 Constitution.
The Chinese company owns just a 25% stake in the partnership after BMW took a controlling percentage in 2022
(Bloomberg) -- Brilliance China Automotive Holdings Ltd.’s biggest shareholder is considering options to raise funds including selling the company’s 25% stake in its joint venture with BMW AG, according to people familiar with the matter.Most Read from BloombergUS Economy Set for Another Cash Boost If Congress Backs Tax DealApple to Shutter 121-Person San Diego AI Team in ReorganizationBiden Says US Doesn’t Support Taiwan Independence After VoteTaiwan Markets Mixed as Election Result Seen to For
Bloomberg and staff reporter Brilliance China Automotive's (1114) biggest shareholder is considering options to raise funds including sellin...
Co-founder Lei Jun pledged to invest about $13.6 billion in making EVs a reality for the tech group. Read more at straitstimes.com.