BRIEF-Yongxing Special Materials' Shareholder Sells 7.1% Stake To Zhejiang Jiuli Hi-Tech

Nov 26 (Reuters) - Yongxing Special Materials Technology Co Ltd:

* SAYS CONTROLLING SHAREHOLDER AGREES TO SELL 7.1% STAKE IN THE COMPANY TO ZHEJIANG JIULI HI-TECH METALS CO LTD FOR 394.9 MILLION YUAN ($56.10 million)

* SAYS ZHEJIANG JIULI HI-TECH WILL OWN 10.0% STAKE IN THE COMPANY AFTER THE TRANSACTION Source text in Chinese: https://bit.ly/2DgDxZD Further company coverage: ($1 = 7.0389 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)