BRIEF-Jiangsu Jinji Industrial's Affiliate To Set Up Chemical Production Firm Worth 300 Mln Yuan

March 6 (Reuters) - Jiangsu Jinji Industrial Co Ltd :

* SAYS ITS AFFILIATE PLANS TO SET UP CHEMICAL PRODUCTION FIRM WITH REGISTERED CAPITAL OF 300 MILLION YUAN ($43.19 million) IN NINGXIA Source text in Chinese: Further company coverage: ($1 = 6.9468 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)