BRIEF-Guangdong Dowstone Technology Aims To Raise Up To 1.7 Bln Yuan In Private Placement Of Shares

Feb 27 (Reuters) - Guangdong Dowstone Technology Co Ltd :

* SAYS IT PLANS TO RAISE UP TO 1.7 BILLION YUAN ($242.41 million) IN PRIVATE PLACEMENT OF A-SHARES TO FUND PROJECTS, REPAY BANK LOANS AND REPLENISH CAPITAL Source text in Chinese: Further company coverage: ($1 = 7.0128 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)