BRIEF-Huayi Electric's unit to set up investment JV

Feb 17 (Reuters) - Huayi Electric Co Ltd * Says unit plans to invest 150 million yuan ($21.85 million)to set up investment management JV * Says controlling shareholder has used 8 million shares in the company, representing 1.05 percent total issued share capital, as collateral until Feb 10, 2027 Source text in Chinese: http://bit.ly/2kQqBit; http://bit.ly/2kFnJDV Further company coverage: ($1 = 6.8650 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)