BRIEF-Tongyu Communication, partners plan industry buyout fund with size of up to 1 bln yuan

March 6 (Reuters) - Tongyu Communication Inc

* Says it and partners plan to set up industry buyout fund

with size up to 1.0 billion yuan ($145.02 million)

Source text in Chinese: http://bit.ly/2lSsdIV

Further company coverage:

($1 = 6.8955 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)