April 16, 2017 / 1:40 PM / 4 months ago

BRIEF-Wanxiang Qianchao plans share placement to fund projects, repay debts

April 16 (Reuters) - Wanxiang Qianchao Co Ltd

* Says it aims to raise up to 7.5 billion yuan ($1.09 billion) via share placement to fund projects, repay debts and replenish capital

* Says trading in shares to resume on April 17

Source text in Chinese:bit.ly/2pmaSgf; bit.ly/2p7Jsez

Further company coverage: ($1 = 6.8835 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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