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BRIEF-Risesun Real Estate's H1 profit up, plans asset-backed securities, to sell shares in Bank of Hebei
August 10, 2017 / 8:19 AM / 4 months ago

BRIEF-Risesun Real Estate's H1 profit up, plans asset-backed securities, to sell shares in Bank of Hebei

Aug 10 (Reuters) - Risesun Real Estate Development Co Ltd

* Says H1 net profit up 29.3 percent y/y at 1.7 billion yuan ($255.27 million)

* Says board approves to issue up to 2.0 billion yuan asset-backed securities

* Says it sells 133.4 million shares in Bank of Hebei for 496.1 million yuan

Source text in Chinese: bit.ly/2wwXkPN; bit.ly/2urgkC7

Further company coverage: ($1 = 6.6595 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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