BRIEF-Shenzhen Ideal Jewellery Plans Private Placement Of Shares To Fund Projects

March 22 (Reuters) - Shenzhen Ideal Jewellery Co LTd :

* SAYS IT PLANS TO RAISE UP TO 904.8 MILLION YUAN ($127.53 million) VIA PRIVATE PLACEMENT OF SHARES TO FUND PROJECTS, REPLENISH WORKING CAPITAL Source text in Chinese: Further company coverage: ($1 = 7.0950 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)