BRIEF-Shenguan Holdings updates on equity transfer agreement

March 23 (Reuters) - Shenguan Holdings (Group) Ltd

:

* Wuzhou Shenguan Investment and vendor entered into 2017

equity transfer agreement

* Upon completion of acquisition, Guangdong Victory will be

held as to 80% by wuzhou shenguan investment

* Pursuant to agreement wuzhou shenguan investment to

acquire 29% equity interests of guangdong victory for RMB23.9

million

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