BRIEF-Jiangsu Lugang Culture's unit plans to set up fund worth 1 bln yuan with partners

April 24 (Reuters) - Jiangsu Lugang Culture Co Ltd

* Says unit plans to set up cultural industry fund worth 1.0

billion yuan ($145.22 million) with partners

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($1 = 6.8860 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)