BRIEF-China Baoli Technologies enters into placing agreement

March 21 (Reuters) - China Baoli Technologies Holdings Ltd

:

* Company and placing agent entered into placing agreement

* Company conditionally agreed to place through placing

agent up to 555.6 million shares

* Net proceeds from placing will be approximately HK$98

million

* Placing agent is Chelsea Securities Limited

* Placing at placing price of HK$0.18 per share

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