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BRIEF-Oceanwide's 2016 net profit up 38 pct, plans securities investment
April 24, 2017 / 9:39 AM / 7 months ago

BRIEF-Oceanwide's 2016 net profit up 38 pct, plans securities investment

April 24 (Reuters) - Oceanwide Holdings Co Ltd

* Says 2016 net profit up 38.0 percent y/y at 3.1 billion yuan ($450.27 million)

* Says board approves unit to invest up to 1.5 billion yuan in securities investment

Source text in Chinese: bit.ly/2q6fOmh; bit.ly/2q5PIja

Further company coverage: ($1 = 6.8848 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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