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Ling Yun Industrial Corp Ltd (600480.SS)

600480.SS on Shanghai Stock Exchange

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Mon, Sep 25 2017

BRIEF-Ling Yun Industrial unit to take out loan of $12 mln

* Says co's wholly owned unit WALDASCHAFF AUTOMOTIVE GMBH plans to take out working capital loan of $12 million from a Hong Kong-based firm, with loan term of 3 months

BRIEF-Ling Yun Industrial scraps asset acquisition plan

* Says it scraps asset acquisition plan and withdraws application from securities regulator

BRIEF-Ling Yun Industrial to issue mid-term bills worth 1 bln yuan

* Says it will issue mid-term bills worth 1 billion yuan with a term of three years

BRIEF-Ling Yun Industrial's H1 net profit up 56.2 pct y/y

* Says H1 net profit up 56.2 percent y/y at 234.6 million yuan ($35.45 million)

BRIEF-Lingyun Industrial sees FY 2017 H1 net profit to increase by 50 pct to 60 pct

* Says net profit for FY 2017 H1 to increase by 50 percent to 60 percent, compared to net profit of FY 2016 H1 (150.2 million yuan)

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