March 4, 2018 / 1:16 PM / in 7 months

BRIEF-MLS's 2017 Net Profit Up, Sees Q1 Profit To Rise

March 4 (Reuters) - MLS Co Ltd:

* SAYS 2017 NET PROFIT UP 41.2 PERCENT Y/Y AT 668.5 MILLION YUAN ($105.40 million)

* SAYS IT EXPECTS Q1 NET PROFIT TO RISE 13.15-35.78 PERCENT Y/Y FROM 132.57 MILLION YUAN YEAR AGO

* SAYS IT PLANS TO BORROW UP TO 800 MILLION YUAN FROM CONTROLLING SHAREHOLDER TO REPLENISH CAPITAL

* SAYS IT PLANS FINANCIAL LEASING OF UP TO 1.0 BILLION YUAN Source text in Chinese: bit.ly/2FoS6Ng; bit.ly/2FUkncE; bit.ly/2CYdYd8; bit.ly/2HYAEhj Further company coverage: ($1 = 6.3428 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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