BRIEF-Shandong Shengli's biggest shareholder to sell 7 pct stake for 990.8 mln yuan

March 21 (Reuters) - Shandong Shengli Co Ltd

* Says biggest shareholder agrees to sell 7.0 percent

company stake for 990.8 million yuan ($143.89 million)

* Says trading in shares to resume on March 22

Source text in Chinese:;

Further company coverage:

($1 = 6.8860 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)