BRIEF-Ningbo Xianfeng New Material's shareholder uses 150.8 mln shares as collateral

March 7 (Reuters) - Ningbo Xianfeng New Material Co Ltd

* Says controlling shareholder has used 150.8 million shares

in the company as collateral, representing 31.8 percent of total

issued share capital

Source text in Chinese: http://bit.ly/2n8O0w1

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(Reporting by Hong Kong newsroom)