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BRIEF-Hangzhou Shunwang Technology sees Q1 profit up, halts private placement plan
March 24, 2017 / 12:10 PM / 9 months ago

BRIEF-Hangzhou Shunwang Technology sees Q1 profit up, halts private placement plan

March 24 (Reuters) - Hangzhou Shunwang Technology Co Ltd

* Says its 2016 net profit up 82.4 percent y/y at 521 million yuan ($75.68 million)

* Says it sees Q1 net profit up 30-50 percent y/y

* Says it halts 2016 share private placement plan due to changes in policy and market conditions

Source text in Chinese: bit.ly/2njNKx6; bit.ly/2njP6I8; bit.ly/2mYgR5Z

Further company coverage: ($1 = 6.8840 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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