BRIEF-Haima Auto's unit to invest 504 mln yuan to set up bank in Hainan

Aug 1 (Reuters) - Haima Automobile Group Co Ltd

* Says board agrees unit to invest 504 million yuan (81.56 million US dollar) in setting up a bank in Hainan

Source text in Chinese: http://bit.ly/1oUx6i3

Further company coverage: (1 US dollar = 6.1793 Chinese yuan) (Reporting by Hong Kong and Singapore newsrooms)