BRIEF-Jiangsu Huaxicun scraps private placement, unit halts plan to invest in buyout fund

March 14 (Reuters) - Jiangsu Huaxicun Co Ltd

* Says it scraps share private placement due to changes in

policy regulations, capital market conditions

* Says its investment unit scraps plans to invest 300

million yuan ($43.40 million) in integrated circuit industry

buyout fund

Source text in Chinese:;

Further company coverage:

($1 = 6.9125 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)