BRIEF-Chongqing Sokon's 2016 net profit up 38 pct, halts private placement plan

March 19 (Reuters) - Chongqing Sokon Industry Group Co Ltd

* Says its 2016 net profit up 37.9 percent y/y at 513.5

million yuan ($74.42 million)

* Says it halts plan for share private placement due to

changes in regulation, market conditions

Source text in Chinese: http://bit.ly/2mh8iYu;

http://bit.ly/2mJ2Jhr

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($1 = 6.9000 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)