November 14, 2016 / 8:06 AM / 3 years ago

BRIEF-Shanghai Bailian to sell stake in unit, another unit scraps assets swap plan

Nov 14 (Reuters) - Shanghai Bailian Group Co Ltd

* Says it plans to sell 49 percent stake in unit to controlling shareholder Bailian Group for 321.3 million yuan ($47.02 million)

* Says its unit scraps assets swap plan with controlling shareholder due to unfavourable conditions in the market

Source text in Chinese: bit.ly/2g5SzbS;bit.ly/2fpWL4e

Further company coverage: ($1 = 6.8336 Chinese yuan renminbi) (Reporting by Beijing newsroom)

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