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(Bloomberg) -- The northeastern Chinese city of Shenyang is drawing up plans to take over the biggest shareholder of Hong Kong-listed Brilliance China Automotive Holdings Ltd. for about 16 billion yuan ($2.3 billion), according to people familiar with the matter, as the municipal government seeks to rescue the state-backed defaulter. A takeover, if successful, will turn Shenyang's government into the effective holder of a 30% stake in Hong Kong-listed Brilliance China, which is worth about $622 million based on the company's current market value. [Extracted from the article]

(Bloomberg) -- The northeastern Chinese city of Shenyang is drawing up plans to take over the biggest shareholder of Hong Kong-listed Brilliance China Automotive Holdings Ltd. for about 16 billion yuan ($2.3 billion), according to people familiar with the matter, as the municipal government seeks to rescue the state-backed defaulter. A takeover, if successful, will turn Shenyang's government into the effective holder of a 30% stake in Hong Kong-listed Brilliance China, which is worth about $603 million based on the company's current market value. [Extracted from the article]

Buying Brilliance Auto Group's entire 30% stake would make the local government the biggest shareholder in Brilliance China, giving it effective control over the firm's stake in the BMW joint venture. (Bloomberg) -- The northeastern Chinese city of Shenyang is considering buying a stake in Hong Kong-listed Brilliance China Automotive Holdings Ltd., giving it exposure to a local joint venture with BMW AG, according to people familiar with the situation. [Extracted from the article]

Buying Brilliance Auto Group's entire 30% stake would make the local government the biggest shareholder in Brilliance China, giving it effective control over the firm's stake in the BMW joint venture. (Bloomberg) -- The northeastern Chinese city of Shenyang is considering buying a stake in Hong Kong-listed Brilliance China Automotive Holdings Ltd., giving it exposure to a local joint venture with BMW AG, according to people familiar with the situation. [Extracted from the article]

(Bloomberg) -- The northeastern Chinese city of Shenyang is considering buying a stake in Hong Kong-listed Brilliance China Automotive Holdings Ltd., giving it exposure to a local joint venture with BMW AG, according to people familiar with the situation. Buying Brilliance Auto Group's entire 30% stake would make the local government the biggest shareholder in Brilliance China, giving it effective control over the firm's stake in the BMW joint venture. [Extracted from the article]