BRIEF-Sandmartin International says it proposes to increase its authorised share capital to HK$1 bln

March 20 (Reuters) - Sandmartin International Holdings Ltd

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* Company and underwriter agreed to carry out open offer to

raise approximately hk$236.1 million

* Open offer in order to raise funds to ease liquidity issue

of group and support development of myhd

* Offer involving allotment and issue of 1.97 billion open

offer shares at offer price of hk$0.12 per open offer share

* Board proposes to increase authorised share capital of

company from hk$300 million to hk$1 billion

* Increase in authorised share capital by creation of an

additional 7 billion unissued shares

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