BRIEF-Jiangsu Hongdou plans to buy stake in China Minsheng Investment

May 2 (Reuters) - Jiangsu Hongdou Industrial Co Ltd

* Says it plans to buy 750 million shares in China Minsheng

Investment Corp Ltd from controlling shareholder for about 1.1

billion yuan ($159.50 million)

Source text in Chinese: http://bit.ly/2p334wJ

Further company coverage:

($1 = 6.8964 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)