June 5 (Reuters) - Jiangsu Zhongnan Construction Group Co Ltd :
* SAYS MAY CONTRACT SALES AT 1.6 BILLION YUAN ($220.78 million)
* SAYS IT SCRAPS SHARE PRIVATE PLACEMENT DUE TO CAPITAL MARKET CHANGES AND ITS OWN SITUATION
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($1 = 7.2471 Chinese yuan renminbi)
(Reporting by Beijing Newsroom)
((Ethan.Wang@thomsonreuters.com;))
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