April 17, 2018 / 9:05 AM / 8 months ago

BRIEF-China Tianying's 2017 Net Profit Up, Plans Commercial Paper

April 17 (Reuters) - China Tianying Inc:

* SAYS 2017 NET PROFIT UP 5.0 PERCENT Y/Y AT 222.3 MILLION YUAN ($35.41 million)

* SAYS IT PLANS TO ISSUE UP TO 1.0 BILLION YUAN COMMERCIAL PAPER

* SAYS ITS EUROPE UNIT PLANS TO SET UP ENERGY JV WITH REGISTERED CAPITAL OF ABOUT $64 MILLION IN VIETNAM Source text in Chinese: bit.ly/2J48LUP; bit.ly/2qC3DiQ; bit.ly/2IY2B8o Further company coverage: ($1 = 6.2776 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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