BRIEF-Shenzhen Heungkong's 2016 profit up, plans up to 4 bln yuan investments in 2017

April 7 (Reuters) - Shenzhen Heungkong Holding Co Ltd

* Says 2016 net profit up 61.0 percent y/y at 690.3 million

yuan ($100.12 million)

* Says board approves to invest up to 4.0 billion yuan in

new projects in 2017

Source text in Chinese: http://bit.ly/2o4OtkM;

http://bit.ly/2oHUcjz

Further company coverage:

($1 = 6.8950 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)