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Lifan revved up for listing
Chongqing Lifan Industry (Group) Co, a Chinese motorcycle manufacturer-turned-auto maker, plans to raise more than one billion yuan (US$133 million) from a domestic share listing, the company's chairman said yesterday.
Yin Mingshan, whose company is one of China's biggest private auto makers, said Lifan has already begun preparing for its IPO and that it will most likely be in China. The IPO will be crucial to Lifan's plan to boost production tenfold by 2015, from its forecast output for 2007 of 40,000 units, Yin said in Shanghai.
Yin Mingshan, whose company is one of China's biggest private auto makers, said Lifan has already begun preparing for its IPO and that it will most likely be in China. The IPO will be crucial to Lifan's plan to boost production tenfold by 2015, from its forecast output for 2007 of 40,000 units, Yin said in Shanghai.
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