BRIEF-Anhui Xinke New Materials' controlling shareholder unloads 9.9 pct company stake

March 20 (Reuters) - Anhui Xinke New Materials Co Ltd

* Says controlling shareholder has sold 175 million shares

in the company, representing 9.9 percent stake, to media group

for 892.5 million yuan ($129.25 million)

Source text in Chinese: http://bit.ly/2nCZUCX

Further company coverage:

($1 = 6.9050 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)