April 23, 2017 / 11:28 AM / 4 months ago

BRIEF-Bank of Shanghai's 2016 net profit up 10 pct, plans preference share issue

April 23 (Reuters) - Bank of Shanghai Co Ltd

* Says 2016 net profit up 10 percent y/y at 14.3 billion yuan ($2.08 billion)

* Says it gets board approval for issuing preferred shares in private placement worth up to 20 billion yuan

Source text in Chinese: bit.ly/2pT5cuD; bit.ly/2q3Awn0

Further company coverage: ($1 = 6.8845 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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