BRIEF-China Hongqiao Group says co and Cti Capital Management enter memorandum of understanding

March 20 (Reuters) - China Hongqiao Group

* Memorandum Of Understanding In Relation To Possible

Subscription Of Shares In The Company

* Company and Cti Capital Management Limited as possible

subscriber, entered into a memorandum of understanding

* CTICM intended to subscribe new shares of company to be

allotted and issued by company

* Upon completion of possible subscription, cticm will

become shareholder of company holding not more than 10% of

issued share capital of co

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