April 23, 2018 / 2:07 PM / a month ago

BRIEF-Holitech Technology's 2017 Net Profit Up, Plans Commercial Paper And Sets 2018 Borrowing Limit

April 23 (Reuters) - Holitech Technology Co Ltd:

* SAYS 2017 NET PROFIT UP 35.0 PERCENT Y/Y AT 1.18 BILLION YUAN ($186.96 million)

* SAYS IT PLANS TO ISSUE UP TO 2.0 BILLION YUAN COMMERCIAL PAPER

* SAYS BOARD APPROVES BORROWING LIMIT FOR UP TO 14.1 BILLION YUAN IN 2018 Source text in Chinese: bit.ly/2HmmHgk; bit.ly/2qVt8vE; bit.ly/2KavUGu Further company coverage: ($1 = 6.3115 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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