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BRIEF-Greenland Holdings' 2016, Q1 profit up, unit to invest in industrial firm
April 24, 2017 / 2:25 PM / in 7 months

BRIEF-Greenland Holdings' 2016, Q1 profit up, unit to invest in industrial firm

April 24 (Reuters) - Greenland Holdings Corp Ltd

* Says 2016 net profit up 4.7 percent y/y at 7.2 billion yuan ($1.05 billion)

* Says Q1 net profit up 18.9 percent y/y at 2.7 billion yuan

* Says unit plans to invest 5.0 billion yuan in Chongqing-based industrial firm for 40 percent stake

Source text in Chinese: bit.ly/2oXXkXn; bit.ly/2q6MLPp; bit.ly/2pWzKsL

Further company coverage: ($1 = 6.8844 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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