Huachen, the parent of Brilliance Automotive Holdings, the Chinese joint venture partner of BMW, also said it was uncertain if it would be able to enter restructuring, in a statement posted on the website of interbank bond market clearing house China Central Depository & Clearing Co.
The company said that if the court was unable to approve a restructuring plan, or if the approved plan could not be executed, the court would terminate the restructuring process and declare the company bankrupt.
(Reporting by Andrew Galbraith; Editing by Jacqueline Wong)
