February 4, 2018 / 9:28 AM / 10 months ago

BRIEF-Avic Capital's Units Plan To Bring In Strategic Investors, Russian Helicopter JV

Feb 4 (Reuters) - Avic Capital Co Ltd:

* SAYS ITS UNIT TO SET UP JOINT VENTURE ON RUSSIAN HELICOPTER DEVELOPMENT

* SAYS TO SCRAP PLAN TO ISSUE CONVERTIBLE BONDS

* SAYS ITS UNIT PLANS TO BRING IN STRATEGIC INVESTORS TO INCREASE CAPITAL BY UP TO 11 BILLION YUAN ($1.75 billion) Source text in Chinese: bit.ly/2BTu6vZ; bit.ly/2FF59H5; bit.ly/2nHbaLS Further company coverage: ($1 = 6.2984 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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