AIG to buy stake in China motorbike maker -sources

Newswire

SHANGHAI, Feb 1 (Reuters) - Lifan Group, China's top motorcycle maker, has agreed to sell a stake to U.S insurer AIG , as it prepares for a domestic share sale later this year, two sources familiar with the situation said on Friday. They did not disclose the financial details of the transaction, which is still pending regulatory approval. They also declined to give the size of the stake, but Yin Mingsha, owner of Lifan, told Reuters in October of last year that he would sell no more than ...

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