BRIEF-Digital China Holdings updates on possible acquisition of interest in HC International

April 24 (Reuters) - Digital China Holdings Ltd:

* Announcement - framework agreement in repsect of possible

disposal of interest in a joint venture company and possible

acquisition of interest in Hc International, Inc.

* Co will procure sale of and Hc International will procure

acquisition of JV interest, representing 60% of interest in

Chongqing Micro-Credit

* Pursuant to agreement, it is proposed that both

consideration of disposal & total subscription price for HC

subscription shares shall be HK$1.23 billion

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