October 20, 2015 / 8:34 AM / 2 years ago

BRIEF-Yantai Xinchao Industry to sell stake in real estate unit, related assets

Oct 20 (Reuters) - Yantai Xinchao Industry Co Ltd

* Says plans to sell 50 percent stake in real estate unit and related asset for about 1.5 billion yuan ($236.35 million)

Source text in Chinese: bit.ly/1Gnv6tF

Further company coverage: ($1 = 6.3465 Chinese yuan renminbi) (Reporting by Hong Kong and Singapore newsrooms)

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