BRIEF-Shanghai Hongda New Material Aims To Raise 422.1 Mln Yuan In Private Placement Of Shares To Boost Liquidity

March 8 (Reuters) - Shanghai Hongda New Material Co Ltd :

* SAYS IT AIMS TO RAISE UP TO 422.1 MILLION YUAN ($60.91 million) IN PRIVATE PLACEMENT OF SHARES TO BOOST LIQUIDITY Source text in Chinese: Further company coverage: ($1 = 6.9298 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)