BRIEF-New Universe Environmental says unit entered into s&p agreement with New Universe International

March 31 (Reuters) - New Universe Environmental Group Ltd

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* Purchaser ,a wholly-owned subsidiary of company entered

into s&p agreement with vendor

* Deal for an aggregate consideration of hk$217.8 million

* Purchaser has agreed to purchase and vendor has agreed to

sell FIWRL sale shares and FIWRL sale loan

* Purchaser has agreed to purchase and vendor has agreed to

sell FIIEL sale shares and FIIEL sale loan

* Purchaser has agreed to purchase and vendor has agreed to

sell ECCL sale shares and ECCL sale loan

* Vendor is sinotech investments limited, purchaser is New

Universe International Holdings Limited

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(Reporting by Ambar Warrick)