BRIEF-Loncin Motor to set up investment unit in Chongqing, posts 17.8 pct rise in preliminary profit

Tue Jan 7, 2014 4:46am EST

Jan 7 (Reuters) - Loncin Motor Co Ltd

* Says plans to invest 300 million yuan ($50 million) to set up an investment unit in Chongqing

* Says 2013 preliminary net profit up 17.8 percent y/y at 544 million yuan

Source text in Chinese: link.reuters.com/zux75v

link.reuters.com/byx75v

Further company coverage: (Reporting by Hong Kong and Singapore newsrooms)

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