Chuan FAW Group is considering a stake in the brilliance of China (01114) parent company Brilliance Auto Group, the news yesterday has stimulated brilliance 14%, deal big increase, today to continue to see the hype, plate see 1.18 yuan, + 11.32%. The current price of 1.17 yuan, rose more than 10%, a provisional transaction of 151 million yuan, has been higher than yesterday's 137 million yuan. According to the 21st Century Economic report, people familiar with the matter pointed out that FAW group is with the brilliance of the parent company Brilliance Auto Group negotiations. The proposal includes FAW to buy the shares of Brilliance Auto Group, and does not exclude the use of state-owned assets transfer, eventually enter the Hong Kong listing brilliance and achieve holding. However, Tian Hongfu, vice Minister of planning at Faw Group, declined to comment on the news.
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