BRIEF-Shanghai Jielong Industry's Biggest Shareholder In Deal To Sell 27.3% Stake In The Company

Aug 16 (Reuters) - Shanghai Jielong Industry Group Corp Ltd :

* SAYS BIGGEST SHAREHOLDER IN DEAL TO SELL 27.3% STAKE IN THE COMPANY, MAY LEAD TO OWNERSHIP CHANGE Source text in Chinese: Further company coverage: (Reporting by Hong Kong newsroom)