Morgan Stanley selling up to $142 mln Dongxiang shrs

HONG KONG, May 6 (Reuters) - Morgan Stanley Private Equity was selling as much as $142 million worth of shares in China Dongxiang Group Co , which licences Kappa-branded sportswear in China, according to a document sent to investors on Tuesday.

Morgan Stanley Private Equity was selling 300 million shares, with an option to increase the size of the deal to 354 million shares, at HK$3.53 to HK$3.68 each, in a deal handled by Morgan Stanley .

The price range represented a 4.2 percent to 8.1 percent discount to the firm's closing price on Tuesday of HK$3.84.

(US$1=HK$7.8)

(Reporting by Kennix Chim, editing by Tony Munroe)

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