April 24, 2018 / 12:43 PM / a month ago

BRIEF-Industrial Bank's Q1 Net Profit Up, To Issue Preference Shares In Private Placement

April 24 (Reuters) - Industrial Bank Co Ltd:

* SAYS Q1 NET PROFIT UP 6.2 PERCENT Y/Y

* SAYS IT PLANS TO ISSUE UP TO 300 MILLION DOMESTIC PREFERENCE SHARES IN PRIVATE PLACEMENT, TO RAISE UP TO 30 BILLION YUAN ($4.76 billion) TO REPLENISH CAPITAL Source text in Chinese: bit.ly/2HVMMjm; bit.ly/2FepDFM Further company coverage: ($1 = 6.3041 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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