BRIEF-China Merchants Bank's 2016 net profit up 7.6 pct, plans preference shares issue

March 24 (Reuters) - China Merchants Bank Co Ltd

* Says 2016 net profit up 7.6 percent y/y

* Says it aims to raise up to 27.5 billion yuan ($3.99

billion) in preference shares issue

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($1 = 6.8840 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)