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BRIEF-Iflytek To Raise Up To 3.6 Bln Yuan In Share Private Placement To Fund Projects, Replenish Capital

May 14 (Reuters) - Iflytek Co Ltd:

* SAYS IT PLANS TO RAISE UP TO 3.6 BILLION YUAN ($568.24 million)IN SHARE PRIVATE PLACEMENT TO FUND ARTIFICIAL INTELLIGENCE PROJECTS, REPLENISH CAPITAL Source text in Chinese: https://bit.ly/2IhhSRL Further company coverage: ($1 = 6.3353 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)