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Ling Yun Industrial Corp Ltd (600480.SS)

600480.SS on Shanghai Stock Exchange

12.84CNY
14 Feb 2018
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Tue, Feb 6 2018

BRIEF-Ling Yun Industrial Corp to merge Hunan-based auto industry tech unit

* Says it plans to merge with its wholly owned Hunan-based auto industry tech subsidiary

BRIEF-Ling Yun Industrial sees FY 2017 net profit up 50 pct to 60 pct

* Sees FY 2017 net profit to increase by 50 percent to 60 percent, or to increase by 106.5 million yuan to 127.8 million yuan

BRIEF-Ling Yun Industrial To Boost Unit Waldaschaff Automotive GmbH's Capital By 55 Mln Euros

* SAYS IT PLANS TO BOOST UNIT WALDASCHAFF AUTOMOTIVE GMBH'S REGISTERED CAPITAL BY 55 MILLION EUROS ($66.64 million) Source text in Chinese: http://bit.ly/2mwub49 Further company coverage: ($1 = 0.8254 euros) (Reporting by Hong Kong newsroom)

BRIEF-Ling Yun Industrial unit to take out loan of $12 mln

* Says co's wholly owned unit WALDASCHAFF AUTOMOTIVE GMBH plans to take out working capital loan of $12 million from a Hong Kong-based firm, with loan term of 3 months

BRIEF-Ling Yun Industrial scraps asset acquisition plan

* Says it scraps asset acquisition plan and withdraws application from securities regulator

BRIEF-Ling Yun Industrial to issue mid-term bills worth 1 bln yuan

* Says it will issue mid-term bills worth 1 billion yuan with a term of three years

BRIEF-Ling Yun Industrial's H1 net profit up 56.2 pct y/y

* Says H1 net profit up 56.2 percent y/y at 234.6 million yuan ($35.45 million)

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