BRIEF-Jolywood Suzhou Sunwatt posts rise in 2016 profit, to invest in fund, solar project

April 13 (Reuters) - Jolywood Suzhou Sunwatt Co Ltd

* Says it signs framework agreement to invest 500 million

yuan ($72.63 million) to set up new energy fund worth 5.4

billion yuan

* Says it signs agreement to invest in solar cell project

with investment at about 20 billion yuan

* Says 2016 net profit up 53.4 percent y/y at 165.2 million


Source text in Chinese:;;

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($1 = 6.8840 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)