China's Lifan Industry to debut in Shanghai this week


BEIJING, Nov 24 (Reuters) - Shares of Lifan Industry (Group) Co , which raised 2.9 billion yuan ($437 million) in an initial public offering, will make their trading debut in the Shanghai Stock Exchange on Thursday. Lifan, which makes motorcycles and cars, has issued 200 million shares at 14.5 yuan per share, it said in a stock exchange filing. Proceeds will help bankroll several projects, including a passenger car facility with annual production capacity of 150,000 units, it said ...

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