BRIEF-Beijing Sanju Environmental's unit plans to subscribe to Jutal Offshore's new shares

March 15 (Reuters) - Beijing Sanju Environmental Protection

& New Materials Co Ltd

* Says its Hong Kong unit subscribes to 641.6 million new

shares of Jutal Offshore Oil Services worth HK$769.9

million ($99.10 million)

* Says its Hong Kong unit to own 40 percent of Jutal

Offshore after transaction

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Further company coverage:

($1 = 7.7688 Hong Kong dollars)

(Reporting by Hong Kong newsroom)