Brilliance China's shares may benefit from turnaround

Article Abstract:

Brilliance China Automotive Holdings' high-valued shares have provided financial leverage to the company, enabling it to outperform competitors in terms of growth and profit margin. As the largest manufacturer of minibuses in China, Brilliance's stocks have continuously drawn the interests of domestic and foreign investors. Despite reports of the company's minimal turnaround, Brilliance registered a 79% increase in earnings per share in 1998, marking the third consecutive time it has recorded earnings growth by more than 75%.

United States, Motor Vehicle Manufacturing, Sales, profits & dividends, Automobiles, Automobile Manufacturing, Other Vehicles NEC, Finance, Automobile industry, Bus industry, Brilliance China Automotive Holdings Ltd.

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Struggling to recover assets

Article Abstract:

The unsuccessful implementation of bankruptcy laws in China has made recovery of assets from debt-ridden firms virtually impossible. Hong Kong-based firms that transacted business with the mainland found out the hard way that asset recovery is a losing proposition. This is because China's courts are controlled by local governments which disburse funds and appoint judges. Moreover, the absence of bankruptcy courts and competent judges are glaring loopholes that do not help the predicament of creditors.

Government regulation (cont), Hong Kong, Bankruptcy Law, Other Justice, Public Order, and Safety Activities, Laws, regulations and rules, Debtor and creditor

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