HONG KONG, March 2 /PRNewswire-Asia/ -- 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 The deregistration is expected to become effective 90 days after the filing of the Form 15F unless earlier withdrawn by the Company or denied by the SEC.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
