UPDATE 1-China's Lifan eyes foreign investors before IPO

Newswire

(For an expanded IPO diary, please click ) By Fang Yan SHANGHAI, Oct 29 (Reuters) - Lifan Group, China's top motorcycle maker that is diversifying into car production, aims to raise up to $400 million in an initial public offering next year and is in talks with potential foreign investors to sell up to a fifth of itself before the IPO, its owner said on Monday. Speaking to Reuters on the sidelines of an industry event, Yin Mingshan said U.S insurer AIG and private equity firm Texas ...

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