China's Evergrande says 2nd round of investment to raise 15-20 bln yuan

HONG KONG, March 28 (Reuters) - China Evergrande Group

said on Tuesday it was introducing a second round of

investment for its backdoor listing in mainland China.

Chief Executive Xia Haijun, speaking at an earnings press

conference, said the company aimed to raise 15 billion yuan

($2.2 billion) to 20 billion yuan in investment.

Evergrande Group earlier reported an 89 percent rise in 2016

core profit due to a booming real estate market that saw a

strong increase in sales prices and volumes.

($1 = 6.8837 Chinese yuan renminbi)

(Reporting By Clare Jim; Editing by Anne Marie Roantree and

Christian Schmollinger)