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July 13, 2018
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According to German media, China will allow BMW to increase its stake in its Chinese joint venture, BMW Brilliance, from the current half-weighting to 75% or more, which means that Brilliance China's (BMW) stake in BMW Brilliance will drop considerably. The news has sharply reduced Huachen China's revenue, which is heavily dependent on BMW Brilliance sales, which fell by almost 20% in one year and closed at 11.98 yuan, down 12.55%. a turnover of 1.743 billion …
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