Lifan to sell stake to insurance giant

[Bob]

Lifan – one of China’s largest motorcycle manufacturers – has announced plans to sell a significant stake to US insurance giant AIG.

Market sources claimed 25% of the company will be sold, but Yin Mingsha, owner of Lifan has previously stated he will sell no more than no more than 20 percent of the firm to outside investors and named AIG as well as private equity firm Texas Pacific Group as potential partners.

Many Chinese firms seeking to list shares publicly sell a stake to a large strategic investor before listing, to boost their appeal to stock market investors.

[skidMark]

Will be interesting to see what happens there. I was lifan nz's mechanic for 2 years.

[xwhatsit]

I was lifan nz's mechanic for 2 years.

And that -- right there -- is why Chinese engineering has such a poor reputation in this country :laugh:



Lifan's doing pretty well for itself. Certainly seems to be a step or two ahead of the rest. Potential for a `Hyosung' to occur in another 5-10 years...?