BRIEF-Puyang Refractories Scraps Asset Acquisition Plan On Coronavirus Impact, To Buy Back Shares

March 6 (Reuters) - Puyang Refractories Group Co Ltd :

* SAYS IT SCRAPS ASSET ACQUISITION PLAN AS RELATED PROCEDURES SUCH AS DUE DILIGENCE WERE AFFECTED BY CORONAVIRUS OUTBREAK

* SAYS IT PLANS TO BUY BACK 80-160 MILLION YUAN ($11.52-23.03 million) WORTH OF SHARES Source text in Chinese: https://bit.ly/39wBDm0; https://bit.ly/39tbbtr Further company coverage: ($1 = 6.9468 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)