BRIEF-Launch Tech says entered into domestic share subscription agreement

March 28 (Reuters) - Launch Tech Co Ltd:

* Company entered into domestic share subscription

agreements with each of subscribers respectively

* Net proceeds from issue of new domestic shares are

expected to be approximately rmb454.1 million

* Subscribers have conditionally agreed to subscribe in cash

for 56.5mln new domestic shares, subscription price about

rmb8.16 per new domestic share

* Application has been made for resumption of trading in h

shares with effect from 29 march 2017

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