BRIEF-Shanghai Fukong Interactive Entertainment's owner to cut stake in the company

April 7 (Reuters) - Shanghai Fukong Interactive

Entertainment Co Ltd

* Says owner signs agreement to sell 153.4 million shares in

the company at 21.28 yuan ($3.09) per share

Source text in Chinese:

Further company coverage:

($1 = 6.8955 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)