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Background:

Renault to take a 49% stake in Shenyang Brilliance Jinbei Automobile Co., Ltd., the minivan and minibus maker which has been running up losses in recent years, despite the overall Brilliance group doing well financially. The stake will be sold to Renault for a token sum of 1 yuan, although both parties have agreed to put in a total of 1.5 bn CNY in the company (now a joint venture).

http://media.renault.com/global/en-gb/renaultgroup/Media/PressRelease.aspx?mediaid=93556
http://europe.autonews.com/article/20170705/ANE/170709916/renault-boosts-stake-in-china-with-brilliance-venture
https://www.bloomberg.com/news/articles/2017-07-04/renault-agrees-to-buy-49-stake-in-brilliance-china-subsidiary
 

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