BRIEF-Ningbo Runhe High-Tech Materials Plans Share Issue To Fund Project, Replenish Capital

Feb 27 (Reuters) - Ningbo Runhe High-Tech Materials Co Ltd :

* SAYS IT AIMS TO RAISE UP TO 350 MILLION YUAN ($49.91 million) IN PRIVATE PLACEMENT OF SHARES TO FUND PROJECT, REPLENISH CAPITAL Source text in Chinese: Further company coverage: ($1 = 7.0128 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)