BRIEF-Guangzhou Friendship's unit Guangzhou Securities plans Hong Kong subsidiary

June 29 (Reuters) - Guangzhou Friendship Group Co Ltd * Says its unit Guangzhou Securities plans to set up subsidiary in Hong Kong with registered capital of HK$2 billion ($257.79 million) Source text in Chinese: http://bit.ly/298nyQX Further company coverage: ($1 = 7.7584 Hong Kong dollars) (Reporting by Hong Kong newsroom)