REFILE-BRIEF-Mango Excellent Media Plans To Sell 40% Stake In Cultural Investment Firm For 259.7 MLn Yuan

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March 17 (Reuters) - Mango Excellent Media Co Ltd :

* SAYS IT PLANS TO SELL 40% STAKE IN CULTURAL INVESTMENT FIRM FOR 259.7 MILLION YUAN ($36.99 million) TO ITS CONTROLLING SHAREHOLDER Source text in Chinese: Further company coverage: ($1 = 7.0202 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)