BRIEF-Nanxing Machinery To Raise Up To 786.6 Mln Yuan Via Share Private Placement

March 16 (Reuters) - Nanxing Machinery Co Ltd:

* SAYS IT PLANS TO RAISE UP TO 786.6 MILLION YUAN ($112.24 million) VIA SHARE PRIVATE PLACEMENT TO FUND PROJECTS, REPLENISH CAPITAL Source text in Chinese: Further company coverage: ($1 = 7.0083 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)