BRIEF-Shanghai Zhenhua Heavy Industries To Invest 420 Mln Yuan In Cosco Shipping's Private Placement

Feb 12 (Reuters) - Shanghai Zhenhua Heavy Industries :

* SAYS IT PLANS TO INVEST 420.0 MILLION YUAN ($61.98 million) IN COSCO SHIPPING'S A-SHARE PRIVATE PLACEMENT Source text in Chinese: Further company coverage: ($1 = 6.7761 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)