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BRILLIANCE CHINA AUTOMOTIVE HOLDINGS LIMITED FILES REGISTRATION STATEMENT FOR PROPOSED OFFERING OF 5 MILLION SHARES OF ITS COMMON STOCK

 BRILLIANCE CHINA AUTOMOTIVE HOLDINGS LIMITED FILES REGISTRATION STATEMENT FOR PROPOSED OFFERING OF 5 MILLION SHARES OF ITS COMMON STOCK
 NEW YORK, Sept. 18 /PRNewswire/ -- Brilliance China Automotive Holdings Limited announced today that it had filed a registration statement with the Securities and Exchange Commission covering the proposed sale by it of 5 million shares of its common stock. It is currently anticipated that the initial offering price will be between $14 and $16 per share. The underwriting syndicate will be managed by the First Boston Corporation, Merrill Lynch & Co. and Salomon Brothers, Inc.
 Brilliance China Automotive Holdings Limited is a Bermuda holding company whose only interest consists of its majority interest in Shenyang JinBei Passenger Vehicle Manufacturing Company, Ltd. ("Shenyang Automotive") located in Shenyang, China. Shenyang Automotive manufactures, assembles and sells minibuses throughout China.
 The net proceeds to the company from the offering made by it will be invested in Shenyang Automotive, which will use the proceeds to acquire additional production equipment, to construct warehouses and plants, and to assist in the technical upgrade of vehicle component manufacturers.
 A copy of the prospectus describing the offering may be obtained from the First Boston Corporation at the following address: The First Boston Corporation, 55 East 52nd St., New York, N.Y. 10055. Attention Barry R. Koling.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 -0- 9/18/92
 /CONTACT: Barry R. Koling, 212-909-3975, or Lane Mitchell, 212-909-4573, both of The First Boston Corporation/ CO: Brilliance China Automotive Holdings Limited ST: New York IN: AUT SU: OFR


SH-OS -- NY015 -- 1005 09/18/92 09:32 EDT
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Publication:PR Newswire
Date:Sep 18, 1992
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