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Lifan Industry Group Co.

Lifan Industry Group Co.

Industry: 
Automotive
Country: 
China
Contact Information: 
Sources: 

 "American International Group is likely to gain 'tens of millions of dollars' from the initial public offering of a Chinese automaker that does business with Iran, the South China Morning Post reported. AIG, through a unit, owns 13.5 percent in Chongqing-based Lifan Industry Group Co., which exports motorcycles to Iran and where a local factory has a licensing agreement to assemble Lifan's cars from imported kits, the Hong Kong-based English- language newspaper reported today, citing Mark Herr, AIG's New York-based vice-president of media relations." (Bloomberg, "AIG Will Gain from IPO of China Motor Exporter to Iran," 10/14/2010)