BRIEF-Wanxiang Qianchao plans share placement to fund projects, repay debts

April 16 (Reuters) - Wanxiang Qianchao Co Ltd

* Says it aims to raise up to 7.5 billion yuan ($1.09

billion) via share placement to fund projects, repay debts and

replenish capital

* Says trading in shares to resume on April 17

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

http://bit.ly/2p7Jsez

Further company coverage:

($1 = 6.8835 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)