BRIEF-Bank of Shanghai's 2016 net profit up 10 pct, plans preference share issue

April 23 (Reuters) - Bank of Shanghai Co Ltd

* Says 2016 net profit up 10 percent y/y at 14.3 billion

yuan ($2.08 billion)

* Says it gets board approval for issuing preferred shares

in private placement worth up to 20 billion yuan

Source text in Chinese:;

Further company coverage:

($1 = 6.8845 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)