BRIEF-Suzhou Thvow Tech swings to red in 2016, plans private placement, wins bid for power project

March 17 (Reuters) - Suzhou Thvow Technology Co Ltd

* Says it swings to net loss of 299.7 million yuan ($43.42

million) in 2016 versus net profit of 28.2 million yuan year ago

* Says it aims to raise up to 1.57 billion yuan in private

placement of shares to fund power project

* Says unit wins bid for power project worth 1.6 billion


Source text in Chinese:;;

Further company coverage:

($1 = 6.9020 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)