BRIEF-Shanghai Putailai New Energy Technology's 2019 Net Profit Up, Plans Private Placement Of Shares

March 26 (Reuters) - Shanghai Putailai New Energy Technology Co Ltd:

* SAYS 2019 NET PROFIT UP 9.6% Y/Y AT 651.1 MILLION YUAN ($92.07 million)

* SAYS IT PLANS TO RAISE UP TO 4.96 BILLION YUAN IN PRIVATE PLACEMENT OF SHARES TO FUND PROJECTS, ACQUISITION AND REPLENISH CAPITAL Source text in Chinese: Further company coverage: ($1 = 7.0721 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)