BRIEF-China Sports Industry Plans To Buy Stakes In Four Firms With 1.06 Bln Yuan

Nov 12 (Reuters) - China Sports Industry Group Co Ltd :

* SAYS IT PLANS TO BUY STAKES IN FOUR FIRMS FOR 1.06 BILLION YUAN ($151.56 million) VIA CASH, SHARE ISSUE Source text in Chinese: Further company coverage: ($1 = 6.9941 Chinese yuan renminbi) (Reporting by Hong Kong News Room)