BRIEF-Sobute New Materials Cuts Investment In New Material Project To 150 Mln Yuan

Sept 6 (Reuters) - Sobute New Materials Co Ltd:

* SAYS IT CUTS INVESTMENT IN NEW MATERIAL PROJECT TO 150 MILLION YUAN ($21.08 million) FROM 280 MILLION YUAN Source text in Chinese: Further company coverage: ($1 = 7.1170 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)