BRIEF-Shanghai New Culture Media Group's Controlling Shareholder To Sell 5.0% Stake

Feb 26 (Reuters) - Shanghai New Culture Media Group Co Ltd :

* SAYS CONTROLLING SHAREHOLDER AGREES TO SELL 5.0% STAKE IN THE COMPANY FOR 214.5 MILLION YUAN ($30.59 million) Source text in Chinese: Further company coverage: ($1 = 7.0128 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)