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BRIEF-Telling Telecommunication returns to profit in 2016, plans debt issues, stake acquisition
March 22, 2017 / 12:42 PM / in 9 months

BRIEF-Telling Telecommunication returns to profit in 2016, plans debt issues, stake acquisition

March 22 (Reuters) - Telling Telecommunication Holding Co Ltd

* Says it returns to net profit of 223.4 million yuan ($32.44 million) in 2016 versus net loss of 227.5 million yuan year ago

* Says it plans to issue up to 1.0 billion yuan debt financing instruments

* Says it plans to acquire 30 percent stake in communication firm for up to 1.06 billion yuan via share issue

Source text in Chinese: bit.ly/2mPtKit; bit.ly/2nBbpKy

Further company coverage: ($1 = 6.8868 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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