BRIEF-Daming International says it entered into subsricption agreement

March 20 (Reuters) - Daming International Holdings Ltd

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* Company and subscriber entered into subscription agreement

* Subscriber has conditionally agreed to subscribe for,

103.8 million new shares at hk$3.50 for each subscription share

* Net proceeds of subscription will be approximately

hk$362.2 million

* Net proceeds expected to be applied for development of

processing centre of group in Jingjiang, PRC and co's general

working capital

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