BRIEF-Yip's Chemical Announces Agreements By Unit Baixing

March 17 (Reuters) - Yip's Chemical Holdings Ltd:

* ON JAN 2, BAIXING TO INJECT CASH OF RMB12.13 MILLION AS ADDITIONAL REGISTERED TO CAPITAL HEBEI DAMAI CAR MAINTENANCE SERVICES CO

* ON JAN 2, LIU YONGJIE AGRRED TO SELL SALE INTEREST OF HEBEI DAMAI CAR MAINTENANCE SERVICES CO TO UNIT FOR RMB10.0 MILLION

* POST COMPLETION OF AGREEMENTS, STAKE HELD BY BAIXING IN HEBEI DAMAI CAR MAINTENANCE SERVICES INCREASES FROM ABOUT 38.6% TO 61% Source text for Eikon: Further company coverage: