BRIEF-Universal Scientific Industrial's 2016 net profit up, to invest in Hong Kong unit

March 24 (Reuters) - Universal Scientific Industrial

Shanghai Co Ltd

* Says 2016 net profit up 5.8 percent y/y at 805.6 million

yuan ($116.97 million)

* Says it plans to invest up to $300 million in Hong Kong

unit for overseas investment

* Says it and units set securities investment of up to 750

million yuan in 2017

Source text in Chinese:;;

Further company coverage:

($1 = 6.8875 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)