BRIEF-Red Factor Agrees To Sell 5.16% Stake In Ningbo Techmation For 140.3 Mln Yuan

March 8 (Reuters) - Ningbo Techmation Co Ltd:

* SAYS CONTROLLING SHAREHOLDER RED FACTOR AGREES TO SELL 5.16% STAKE IN THE COMPANY FOR 140.3 MILLION YUAN ($20.25 million) Source text in Chinese: Further company coverage: ($1 = 6.9298 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)