BRIEF-China Development Bank International Investment updates on share subscription agreement

March 15 (Reuters) - China Development Bank International

Investment Ltd

* Unit entered into a convertible preferred share

subscription agreement with G7 networks limited

* Group, as one of investors, to subscribe for newly issued

preferred shares of G7 at cash consideration of USD25 million

* On completion of deal, zhang jielong, executive director &

deputy CEO of co, has been appointed as director of G7

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