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BRIEF-Qinhuangdao Tianye Tolian Heavy Industry To Buy Stake In China UMS

May 7 (Reuters) - Qinhuangdao Tianye Tolian Heavy Industry Co Ltd:

* SAYS IT PLANS TO BUY STAKE IN CHINA UNIONPAY MERCHANT SERVICES FOR 300-360 MILLION YUAN ($47.14-56.57 million) Source text in Chinese: https://bit.ly/2FQHS4I Further company coverage: ($1 = 6.3640 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)