BRIEF-China Baoan Group's unit to acquire stakes in IPE Group

March 28 (Reuters) - China Baoan Group Co Ltd

* Says its unit plans to acquire rest shares it does not own

in IPE Group Ltd at HK$1.95 ($0.2510) per share

Source text in Chinese:

Further company coverage:

($1 = 7.7677 Hong Kong dollars)

(Reporting by Hong Kong newsroom)