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Fujian Dongbai Group Co Ltd (600693.SS)

600693.SS on Shanghai Stock Exchange

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Fri, Mar 17 2017

BRIEF-Fujian Dongbai Group and unit to provide 120 mln yuan loan guarantee for department store management unit

* Says the co and its unit will provide loan guarantee of 120 million yuan for co's wholly owned department store management subsidiary

BRIEF-Fujian Dongbai sees FY 2016 net profit up 90 pct to 140 pct

* Sees net profit for FY 2016 to increase by 90 percent to 140 percent

BRIEF-Fujian Dongbai gets regulatory approval for share private placement

* Says it gets securities regulator's approval to issue A-shares in private placement

BRIEF-Fujian Dongbai's unit to acquire industrial development firm for 203 mln yuan

* Says unit signs agreement to acquire industrial development firm for 203 million yuan ($29.94 million)

BRIEF-Fujian Dongbai sold shares in Soochow Securities, Youngor and Yango

* Says it sold shares in Soochow Securities, Youngor and Yango between Jan 15 and Oct 27, 2016

BRIEF-Fujian Dongbai gets approval to issue 500 mln yuan commercial paper

* Says it gets approval to issue 500 million yuan ($74.98 million) commercial paper

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