BRIEF-Oceanwide's 2016 net profit up 38 pct, plans securities investment

April 24 (Reuters) - Oceanwide Holdings Co Ltd

* Says 2016 net profit up 38.0 percent y/y at 3.1 billion

yuan ($450.27 million)

* Says board approves unit to invest up to 1.5 billion yuan

in securities investment

Source text in Chinese: http://bit.ly/2q6fOmh;

http://bit.ly/2q5PIja

Further company coverage:

($1 = 6.8848 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)