Nov 21 (Reuters) - Baotou INST Magnetic New Materials Co Ltd :
* SAYS CO PLANS TO SELL 28.98 MILLION SHARES AT 22.36 YUAN EACH IN SHENZHEN IPO, RAISING 648.1 MILLION YUAN ($89.44 million)
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($1 = 7.2459 Chinese yuan renminbi)
(Reporting by Hong Kong newsroom)
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