Brilliance Auto raises 3 bln yuan to boost next Five-Year Plan

Brilliance China Automotive Holdings Limited signed an agreement with China Bohai Bank (CBHB) in Shenyang on March 15, 2011 on a strategic cooperation well worth 3 billion yuan ($457 million) at its mere first phase.

This is the largest fund-raising project in Liaoning Province's auto industry since the 12th Five-Year Plan began.

According to the agreement, CBHB will provide financial services to Brilliance, including financing, mortgage, billing service, payment and settlement and so on.