$華晨中國(01114.HK)彭博又報了一次：A takeover, if successful, will turn Shenyang’s government into the effective holder of a 30% stake in Hong Kong-listed Brilliance China, which is worth about $603 million based on the company’s current market value. That will also give the city exposure to a joint venture with BMW AG. Unsecured creditors would receive 20% of their principal in cash over multiple installments, according to the people.