March 19, 2017 / 1:42 PM / 4 months ago

BRIEF-Chongqing Sokon's 2016 net profit up 38 pct, halts private placement plan

1 Min Read

March 19 (Reuters) - Chongqing Sokon Industry Group Co Ltd

* Says its 2016 net profit up 37.9 percent y/y at 513.5 million yuan ($74.42 million)

* Says it halts plan for share private placement due to changes in regulation, market conditions

Source text in Chinese: bit.ly/2mh8iYu; bit.ly/2mJ2Jhr

Further company coverage: ($1 = 6.9000 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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