BRIEF-YLZ Information Technology's Shareholder To Sell 5.4% Stake For 230 Mln Yuan

Feb 10 (Reuters) - YLZ Information Technology Co Ltd :

* SAYS ITS CONTROLLING SHAREHOLDER PLANS TO SELL 5.4% STAKE, OR 23.4 MILLION SHARES, IN COMPANY FOR 230 MILLION YUAN ($32.97 million) Source text in Chinese: https://bit.ly/2vhI11m Further company coverage: ($1 = 6.9767 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)