BRIEF-Jiangsu Hongdou Industrial sells stake in property firm to controlling shareholder

March 28 (Reuters) - Jiangsu Hongdou Industrial Co Ltd

* Says it sells 60 percent stake in real estate firm to

controlling shareholder for 819.76 million yuan ($119.08

million)

Source text in Chinese: http://bit.ly/2mM1UZg

Further company coverage:

($1 = 6.8840 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)