December 19, 2016 / 12:13 PM / 7 months ago

BRIEF-Chongqing Sokon to raise up to 4 bln yuan in private placement, to invest in US car project

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

* Says it plans to raise up to 3.96 billion yuan ($569.87 million) in share private placement to fund new energy car projects

* Says shares to resume trading on Dec 20

* Says it plans to invest $590.4 million in new energy car development project in U.S.

Source text in Chinese: bit.ly/2hQMPjd; bit.ly/2hi6uHU; bit.ly/2hzMmnV

Further company coverage: ($1 = 6.9490 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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