New-Energy Vehicle Firm Lifan Aims to Raise $390 Million
A Lifan X70 SUV is displayed at the Shanghai International Automobile Industry Exhibition in April 2015. Photo: IC
Chinese automobile manufacturer Lifan Passenger Vehicle Co. Ltd. is planning a share issuance to raise 2.48 billion yuan ($390 million) to charge up the development of its products and charging network.
The issuance will target no more than 10 domestic and foreign institutional investors, including investment funds and insurance companies, the Shanghai-listed company said in a filing (link in Chinese) to the city’s bourse Monday.
You've accessed an article available only to subscribers
Try 4 weeks for $0.99
SUBSCRIBE
Share this article
Open WeChat and scan the QR code
RELATED
MOST POPULAR
- 1Caixin View: China Feels Chill From Trouble in Turkey
- 285-Year-Old Petitioner, in Poor Health, Denied Parole
- 3Update: ‘First Fully Homegrown’ Browser Outed as Based on Google’s Chrome
- 4In Depth: HNA Charts New Course Back to Airline Basics
- 5Banned From Planes and Trains, Jia Yueting Hands Over U.S. Car Startup’s China Business
SPONSORED
- 1Power To The People: Pintec Serves A Booming Consumer Class
- 2Largest hotel group in Europe accepts UnionPay
- 3UnionPay mobile QuickPass debuts in Hong Kong
- 4UnionPay International launches premium catering privilege U Dining Collection
- 5UnionPay International’s U Plan has covered over 1600 stores overseas