BRIEF-Jiangsu Lugang Culture Sees 2019 Net Loss Of 600-800 Mln Yuan

Jan 22 (Reuters) - Jiangsu Lugang Culture Co Ltd :

* SAYS IT SEES 2019 NET LOSS OF 600-800 MILLION YUAN VERSUS NET PROFIT OF 56.1 MILLION YUAN ($8.13 million) YEAR EARLIER

* SAYS IT EXPECTS TO RECEIVE FACTORY RELOCATION SUBSIDIES OF 1.0 BILLION YUAN Source text in Chinese: https://bit.ly/2v4zZZx; https://bit.ly/3axhLAj Further company coverage: ($1 = 6.9019 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)