October 20, 2015 / 12:30 PM / 2 years ago

BRIEF-Shanghai Shibei Hi-tech to raise up to 2.7 bln yuan

Oct 20 (Reuters) - Shanghai Shibei Hi-tech Co Ltd

* Says aims to raise up to 2.7 billion yuan ($425.33 million) in private placement of shares to fund property development project

* Says trading of shares to resume on Oct 21

Source text in Chinese: bit.ly/1PDJPmi; bit.ly/1M3mmVO

Further company coverage: ($1 = 6.3480 Chinese yuan renminbi) (Reporting by Hong Kong and Singapore newsrooms)

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