April 19, 2017 / 12:34 PM / 3 months ago

BRIEF-Pangda Automobile Trade's 2016 profit up, plans financing

1 Min Read

April 19 (Reuters) - Pangda Automobile Trade Co Ltd

* Says 2016 net profit up 61.9 percent y/y at 381.7 million yuan ($55.44 million)

* Says it plans to issue up to 2.0 billion yuan medium-term notes, up to 1.0 billion yuan debt financing instruments

Source text in Chinese: bit.ly/2pBs3rE; bit.ly/2pg8mc0

Further company coverage: ($1 = 6.8846 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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