BRIEF-Citic Heavy's H1 profit down 47.1 pct, plans overseas subsidiaries
Aug 24 (Reuters) - Citic Heavy Industries Co Ltd
* Says H1 net profit down 47.1 percent y/y at 141.4 million yuan ($22.08 million)
* Says plans to set up subsidiaries in Australia, Brazil and India
Further company coverage: ($1 = 6.4029 Chinese yuan renminbi) (Reporting by Hong Kong and Singapore newsrooms)
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