BRIEF-Xinzhi Motor' controlling shareholders to cut 26 pct stake in the company

April 12 (Reuters) - Xinzhi Motor Co Ltd

* Says controlling shareholders agree to sell 26 percent

stake in the company for 2.4 billion yuan ($348.24 million)

Source text in Chinese: http://bit.ly/2o65mdZ

Further company coverage:

($1 = 6.8918 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)