BRIEF-Zhejiang Jolly Pharmaceutical Plans Private Placement Of Shares To Repay Loans, Boost Capital

March 25 (Reuters) - Zhejiang Jolly Pharmaceutical Co Ltd :

* SAYS IT AIMS TO RAISE UP TO 272.1 MILLION YUAN ($38.32 million) IN PRIVATE PLACEMENT OF SHARES TO REPAY LOANS, BOOST CAPITAL Source text in Chinese: https://bit.ly/2xnOmJE Further company coverage: ($1 = 7.1014 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)