January 19, 2018 / 7:48 AM / 3 months ago

BRIEF-Ningbo Shanshan Gets Approval To Issue Commercial Paper, Sees 2017 Net Profit Up

Jan 19 (Reuters) - Ningbo Shanshan Co Ltd:

* SAYS IT EXPECTS 2017 NET PROFIT TO RISE 157.5-187.8 PERCENT Y/Y FROM 330 MILLION YUAN ($51.62 million) YEAR AGO

* SAYS IT GETS APPROVAL TO ISSUE 2.0 BILLION YUAN COMMERCIAL PAPER Source text in Chinese: bit.ly/2mTcjR4; bit.ly/2ET0Fwc Further company coverage: ($1 = 6.3930 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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