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

Source text in Chinese: http://bit.ly/2n9R8IP;

http://bit.ly/2m2EIko; http://bit.ly/2n9yK2I

Further company coverage:

($1 = 6.9080 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)