BRIEF-Honyu Wear-Resistant New Materials Plan To Buy 75% Stake In Shenzhen Tech Firm

March 17 (Reuters) - Honyu Wear-Resistant New Materials Co Ltd:

* SAYS IT SCRAPS PLAN TO BUY 75% STAKE IN SHENZHEN TECH FIRM DUE TO SIGNIFICANT UNCERTAINTY OF THE FIRM'S FINANCIAL PERFORMANCE IN 2020 AND 2021 ON CORONAVIRUS OUTBREAK Source text in Chinese: https://bit.ly/2UdnwM7 Further company coverage: (Reporting by Hong Kong newsroom)