BRIEF-Shandong Chenming Paper To Sell 60% Stake And Creditor's Rights In Mining Unit

Aug 16 (Reuters) - Shandong Chenming Paper Holdings Ltd :

* SAYS IT AGREES TO SELL 60% STAKE AND CREDITOR'S RIGHTS IN MINING UNIT FOR 1.9 BILLION YUAN ($269.91 million) Source text in Chinese: Further company coverage: ($1 = 7.0394 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)