February 24, 2017 / 1:05 PM / 6 months ago

BRIEF-Future Land's 2016 profit rises 64.4 pct, sets 2017 investment plan

Feb 24 (Reuters) - Future Land Holdings Co Ltd

* Says 2016 net profit up 64.4 percent y/y at 3.02 billion yuan ($439.94 million)

* Says board approves 2017 investment size of up to 50 billion yuan

* Says board approves to issue up to 11 billion yuan direct financing instruments

* Says board approves to issue up to 4.5 billion yuan ultra-short commercial paper

Source text in Chinese: bit.ly/2lzxJCE ; bit.ly/2lRwPSN

Further company coverage: ($1 = 6.8645 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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