Yin Mingshan: Chongqing Lifan Group plans of listing in Hong Kong this year

Yesterday, the chairman of the board of directors of Chongqing Lifan, said in an interview, Chongqing Lifan Group is expected to be listed in Hong Kong this year.

He disclosed that the reason for its listing in Hong Kong was that listing on the mainland A-share market's process takes a longer time and some difficulty for private enterprises. "There are many advantages listing in Hong Kong: the listing is of simple procedure, it could be issued several times and can return to the mainland market." With regard to the specific fund-raising scales, Yin failed to disclose any information.

Yin said that Lifan Group plans to integrate listing of the motorcycle industry, and it's possible to attract strategic investors. At present, the company has made contact with foreign strategic investors.