BRIEF-Sunwoda Electronic sees Q1 profit up, adjusts share private placement plan

March 9 (Reuters) - Sunwoda Electronic Co Ltd

* Says its 2016 net profit up 38.4 percent y/y at 449.9

million yuan ($65.13 million)

* Says it sees Q1 net profit up 40-70 percent y/y

* Says it adjusts share private placement plan, to raise up

to 2.8 billion yuan from up to 3.25 billion yuan previously

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($1 = 6.9080 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)