BRIEF-Shanghai Wanye Enterprises to invest in industry fund

April 28 (Reuters) - Shanghai Wanye Enterprises Co Ltd

* Says it plans to invest 1.0 billion yuan ($145.05

million) in equipment materials industry fund

* Says it plans to sell property firm's stake and creditors'

rights for 1.6 billion yuan

Source text in Chinese:;

Further company coverage:

($1 = 6.8941 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)