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BRIEF-Dazhong Transportation's 2016 net profit up 9 pct, plans convertible bonds
March 30, 2017 / 2:51 PM / 8 months ago

BRIEF-Dazhong Transportation's 2016 net profit up 9 pct, plans convertible bonds

March 30 (Reuters) - Dazhong Transportation Group Co Ltd

* Says 2016 net profit up 9.16 percent y/y at 558.85 million yuan ($81.15 million)

* Says it plans to issue up to 2.0 billion yuan ($290.40 million) bonds which can be exchanged for Guotai Junan Securities shares held by the company

Source text in Chinese: bit.ly/2oeXdI0; bit.ly/2nze7xD

Further company coverage: ($1 = 6.8870 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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