Sept 14 (Reuters) - Ningbo Xianfeng New Material 300163.SZ
* Says it plans to acquire two firms for 1.18 billion yuan ($176.87 million)
* Says one of the investment firms acquired owns Australia's dairy farm The Van Diemen's Land Company
* Says it plans private placement of shares to raise 340 million yuan to help fund the acquisition
Source text in Chinese: company coverage: 300163.SZ ($1 = 6.6714 Chinese yuan renminbi)