December 1, 2016 / 2:01 AM / 9 months ago

BRIEF-Zhongtian Urban's unit to acquire stake in Zhongrong Life Insurance, to set up unit in Guiyang

Dec 1 (Reuters) - Zhongtian Urban Development Group Co Ltd

* Says its unit plans to acquire 51 pct stake in Zhongrong Life Insurance for 2 billion yuan ($290.21 million)

* Says it plans to set up unit for infrastructure project in Guiyang with registered capital of 2 billion yuan

* Says share trade remains suspended pending announcement

Source text in Chinese: bit.ly/2fGaqW6; bit.ly/2fSUs9C; bit.ly/2fNihwd

Further company coverage: ($1 = 6.8915 Chinese yuan renminbi) (Reporting by Beijing newsroom)

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