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The former vice president of a well-known car company was "double opened"!

2024-07-14 Update From: AutoBeta NAV: AutoBeta > News >

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AutoBeta(AutoBeta.net)03/03 Report--

On 18 December, the website of the Central discipline Inspection Commission and the National Supervisory Commission reported that according to the Liaoning Provincial discipline Inspection Commission, a few days ago, with the approval of the Liaoning Provincial CPC Committee, the Liaoning Provincial discipline Inspection Commission conducted a case examination and investigation on the serious violation of discipline and law by Liu Xuemin, former vice president of brilliance Automobile Group Holdings Co., Ltd.

The contents of the circular show that Liu Xuemin seriously violated the party's political discipline, organizational discipline, clean discipline, work discipline, and life discipline, and constituted a serious violation of official duties and was suspected of accepting bribes. After studying the meeting of the standing Committee of the Liaoning Provincial Commission for discipline Inspection and submitting it to the Liaoning Provincial CPC Committee for approval, it was decided that Liu Xuemin should be expelled from the party; the Liaoning Provincial Supervisory Committee should expel him from public office; his illegal income from violation of discipline should be confiscated; his suspected crime shall be transferred to the procuratorial organ for examination and prosecution according to law, and the property involved shall be transferred together.

As early as September 15 this year, the Supervisory Commission of the Liaoning Provincial discipline Inspection Commission released the news that Liu Xuemin, vice president of brilliance Automobile Group Holdings Co., Ltd., is suspected of serious violations of discipline and the law, and is currently under disciplinary examination and supervision investigation by the Supervisory Commission of the Liaoning Provincial discipline Inspection Commission.

According to the data, Liu Xuemin was born in October 1973, joined Communist Party of China in June 1997 and worked in July 1999. He has served as the chief technician and assistant researcher of the general office of the Dalian Municipal people's Government, the deputy director and director of the office of brilliance Automobile Group holding Co., Ltd., and the director of the Science and Technology Bureau of Dalian Economic and technological Development Zone. Dalian Shuangd Port Industrial Park party member, deputy director of the Dalian Jinzhou New area Economic and Trade Bureau, director of the Bureau of domestic Enterprises and Deputy Director of the Bureau of Economic and Trade. In November 2013, he was appointed Assistant to the President of brilliance Automobile Group Holdings Co., Ltd., and in April 2017, he was appointed Vice President of brilliance Automobile Group Holdings Co., Ltd.

It is understood that brilliance Automobile Group holding Co., Ltd. is a large vehicle manufacturing enterprise controlled by Liaoning SASAC, which directly or indirectly controls and participates in four listed companies. and through its listed company brilliance China Automobile holding Co., Ltd. and BMW Group established brilliance BMW Co., Ltd.

In November 2020, Shenyang Intermediate people's Court ruled to accept the creditor's application for the reorganization of brilliance Group, and then brilliance Group entered the bankruptcy reorganization process. In March 2021, the Shenyang Intermediate people's Court ruled that 12 enterprises including brilliance Group should be tried by substantive merger and reorganization, and appointed the manager of brilliance Group as the substantive merger and reorganization manager of 12 enterprises, including brilliance Group. After that, Shenyang Intermediate people's Court held three creditor meetings one after another, but the relevant plan was not adopted.

Brilliance's stake in BMW fell to 25 per cent in February 2022 after selling a 25 per cent stake in the joint venture to BMW. With the change of brilliance's stake, brilliance was incorporated into BMW Group. Brilliance China's contribution profit as a joint venture also shrank to 2.38 billion yuan from 14.52 billion yuan in 2021, down 83.6 percent from a year earlier.

In August this year, the Shenyang Intermediate people's Court approved the substantive merger and reorganization plan of 12 enterprises, including brilliance Automobile Group holding Co., Ltd., and Shenyang Automobile Co., Ltd. will become the indirect controlling shareholder of the company. the actual controller of the company will be changed to Shenyang SASAC, which constitutes Shenyang Automobile's indirect acquisition of Jinbei Automobile.

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