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BRIEF-Hunan Jingfeng Pharma's 2016 profit up, unit plans bond issue
April 19, 2017 / 9:36 AM / 7 months ago

BRIEF-Hunan Jingfeng Pharma's 2016 profit up, unit plans bond issue

April 19 (Reuters) - Hunan Jingfeng Pharmaceutical Co Ltd

* Says 2016 net profit up 4.9 percent y/y at 340.0 million yuan ($49.37 million)

* Says unit plans to issue up to 1.0 billion yuan bonds

* Says it plans to boost capital of its investment management firm to 362 million yuan from 60 million yuan

* Says unit plans to boost capital of its Guizhou subsidiary to 730 million yuan from 580 million yuan

Source text in Chinese: bit.ly/2orrlvo; bit.ly/2omeCuz; bit.ly/2orf6yY

Further company coverage: ($1 = 6.8869 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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