BRIEF-Wanda Film's Shareholder Wanda Investment Agrees To Sell Shares To Alibaba's Investment Affiliate

* SAYS SHAREHOLDER WANDA INVESTMENT AGREES TO SELL 90 MILLION SHARES IN THE COMPANY AT 51.96 YUAN ($8.27) PER SHARE TO ALIBABA'S INVESTMENT AFFILIATE IN HANGZHOU Source text in Chinese: https://bit.ly/2GqHg6Y; https://bit.ly/2Gs8ONl Further company coverage: ($1 = 6.2801 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)