Lifan Group;s preliminary plans for IPO fund-raising 3.0 billion

Lifan Automobile listing all the preparatory work has been completed, is expected to be submitted before the IPO for the Spring Festival. It is understood that, Lifan Group, listed on the form will be taken as a whole.

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Lifan Group Securities, said the Minister Tang Xiao-Dong, temporarily will reveal the specific amount of fund-raising and distribution of the specific amount of stock, but has been revealed that the preliminary plans for IPO fund-raising 3.0 billion.

Lifan is currently at the same time as promoting the annual output of 50000 bases SUV in Inner Mongolia, Chongqing, an annual output of 200,000 micro-car base, as well as CKD assembly plant in Uruguay, the construction projects are facing a large financing gap. Lifan Chairman Yin Mingshan has said that by 2015 to achieve annual output 400000-500000 development goals, which require an infusion of at least 4.5 billion.

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