China's Lifan eyes foeign investors before IPO - China Car Forums
chinese cars - china car forums, chery, geely CCF - The Chinese Car Community China Car Forums - Zhonghua Junjie
Home :: Forums  :: Manufacturers :: Articles :: About Us :: Vendors :: Analysis Reports

Go Back   China Car Forums > Misc > Stocks & Investments

ChinaCarForums.com is the premier Chinese Car Forum on the internet. Registered Users do not see the above ads.
Reply
 
Thread Tools Display Modes
Old 10-29-2007, 12:17 AM   #1
ash
CCF Mod
 
ash's Avatar
 
Join Date: Dec 2005
Posts: 807
Default China's Lifan eyes foeign investors before IPO

SHANGHAI, Oct 29 (Reuters) - Lifan Group, China's top motorcycle maker that is diversifying into car production, is in talks to sell up to a 20 percent stake in the company to foreign investors, ahead of a planned IPO.

U.S. insurer AIG (AIG.N: Quote, Profile, Research) and private equity firm Texas Pacific Group [TPG.UL] are among the overseas companies currently in talks to take a stake in the company, Yin Mingshan, a senior executive at Lifan, told Reuters.

Lifan expects to launch an initial public offering, most likely in Shanghai, in six to nine months, to raise one to three billion yuan, Yin said on the sidelines of an industry conference.

Chinese brokerage Guotai Junan Securities is advising the Chinese company on its planned IPO, he said, adding that Lifan was also looking at the possibility of listing in Hong Kong.
ash is offline   Reply With Quote
Sponsored Links
Advertisement
 
Sponsored Links
Advertisement
 
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

                    
All times are GMT -5. The time now is 01:38 AM.



Powered by vBulletin® Copyright ©2000 - 2020, vBulletin Solutions, Inc.
vBulletin Security provided by vBSecurity v2.2.2 (Pro) - vBulletin Mods & Addons Copyright © 2020 DragonByte Technologies Ltd.