China Lifan plans up to $440 mln A-shr IPO -sources

Newswire

SHANGHAI, July 30 (Reuters) - Lifan Group, one of China's biggest motorcycle makers which is diversifying into car production, aims for an initial public offering in Shanghai this year, raising as much as 3 billion yuan ($439 million), sources familiar with the situation said on Thursday. Lifan, partly owned by an American International Group Inc affiliate, is resuming an A-share IPO plan and has hired Guotai Junan Securities as an adviser, one of the sources told Reuters. "It wants to ...

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