BRIEF-Jutal Offshore Oil Services agrees to allot aggregate of 803.6 mln subscription shares

March 21 (Reuters) - Jutal Offshore Oil Services Ltd

:

* Company has conditionally agreed to allot aggregate of

803.6 million subscription shares

* Company and subscribers entered into subscription

agreement

* Subscribers have conditionally agreed to subscribe for an

aggregate of 803.6 million shares at hk$1.2 per subscription

share

* Net proceeds of subscription are estimated to be

approximately hk$962 million

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