BRIEF-Hubei Huitian New Materials Plans Share Issue To Boost Capital

March 17 (Reuters) - Hubei Huitian New Materials Co Ltd :

* SAYS IT AIMS TO RAISE UP TO 500 MILLION YUAN ($71.49 million) IN PRIVATE PLACEMENT OF SHARES TO BOOST CAPITAL Source text in Chinese: Further company coverage: ($1 = 6.9943 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)