BRIEF-Songz Automobile Air Conditioning to pay annual cash div, to set up unit in HK

(Corrects currency to dollar from yuan in second bullet)

April 24 (Reuters) - Songz Automobile Air Conditioning Co

Ltd :

* Says it plans to pay annual cash dividend as 1 yuan

(pretax) per 10 shares as FY 2016 div payment

* It will use $8 million to set up a wholly owned investment

subsidiary in Hong Kong

Source text in Chinese: https://goo.gl/j3sOKE

Further company coverage:

(Beijing Headline News)