February 27, 2018 / 10:41 AM / 3 months ago

BRIEF-Western Securities Sets Aside Asset Impairment Provisions Against Leshi's Pledged Shares

Feb 27 (Reuters) - Western Securities Co Ltd:

* SAYS IT SETS ASIDE ASSET IMPAIRMENT PROVISIONS OF 439.4 MILLION YUAN ($69.64 million) AGAINST PLEDGED SHARES IN LESHI FOR CAPITAL OF 1.0 BILLION YUAN

* SAYS IT EXPECTS THE PROVISIONS TO REDUCE COMPANY'S NET PROFIT BY 329.6 MILLION YUAN IN 2017 Source text in Chinese: bit.ly/2sYTph5 Further company coverage: ($1 = 6.3100 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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