BRIEF-Hongyu Wear-Resistant New Materials' Shareholder Sells 20% Stake In The Company

Oct 16 (Reuters) - Honyu Wear-Resistant New Materials Co Ltd :

* SAYS SHAREHOLDER SELLS 20% STAKE IN THE COMPANY FOR 852.6 MILLION YUAN ($120.10 million) Source text in Chinese: https://bit.ly/2BdYQKb Further company coverage: ($1 = 7.0988 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)