BRIEF-Kwan On Holdings Says Subscribers To Subscribe For Aggregate Of 264 Mln New Shares

March 6 (Reuters) - Kwan On Holdings Ltd:

* FORTUNE ELITE HOLDINGS LTD & INDIVIDUAL AGREED TO SUBSCRIBE FOR AGGREGATE OF 264 MILLION NEW SHARES AT HK$0.1976 PER SHARE

* AGGREGATE GROSS PROCEEDS OF SUBSCRIPTION WILL BE HK$52.17 MILLION Source text for Eikon: Further company coverage: