BEIJING, Dec. 19 (InfoChina) – Brilliance China Automotive Holdings Limited (NYSE: CBA, HK: 1114) announced on Dec.18 that its fully-owned subsidiary Shenyang Xing Yuan Dong Automobile Component Co. Ltd (Xing Yuan Dong) has reached an agreement with Brilliance Auto’s 51 percent-owned Shenyang Brilliance Jinbei Automobile Co. Ltd on providing mutual guarantee for a 1.5 billion yuan bank loan.
Meanwhile, Xing Yuan Dong signed another agreement with Jinbei Automobile Co. Ltd, the other shareholder holding a 49 percent stake in Shenyang Brilliance Jinbei Automobile Co. Ltd, on providing mutual guarantee for a bank loan of 500 million yuan.
The aforesaid two loan agreements have a term of one year, lasting from Jan. to Dec. of 2007. (Edited by Sun Huanjie,
)
China Stock News 
