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Tongwei Co Ltd (600438.SS)

600438.SS on Shanghai Stock Exchange

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Tue, Jan 30 2018

BRIEF-Tongwei issues 2018 first tranche short-term financing notes worth 500 mln yuan

* Says it issued 2018 first tranche short-term financing notes worth 500 million yuan with a term of 365 days and coupon rate of 5.9 percent

BRIEF-Tongwei Expects 2017 Net Profit To Rise 80-100 Percent Y/Y

* SAYS IT EXPECTS 2017 NET PROFIT TO RISE 80-100 PERCENT Y/Y VERSUS NET PROFIT OF 1.0 BILLION YUAN ($153.96 million) YEAR AGO Source text in Chinese: http://bit.ly/2CRodET Further company coverage: ($1 = 6.4951 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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