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BRIEF-Jiangsu Rainbow Heavy Industries To Buy 73.36 Pct Stake In Environmental Protection Technology Firm

Feb 20 (Reuters) - Jiangsu Rainbow Heavy Industries Co Ltd :

* SAYS IT PLANS TO BUY REMAINING 73.36 PERCENT STAKE IN HUBEI ZHONGYOU YOUYI ENVIRONMENTAL PROTECTION TECHNOLOGY FOR 990.3 MILLION YUAN ($147.43 million) VIA SHARE ISSUE

* SAYS IT WILL OWN 100 PERCENT STAKE IN HUBEI ZHONGYOU YOUYI ENVIRONMENTAL PROTECTION TECHNOLOGY AFTER TRANSACTION Source text in Chinese: https://bit.ly/2tv6QCU Further company coverage: ($1 = 6.7172 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)