BRIEF-Shougang Concord International Enterprises Co Agrees To Issue 1.5 BLN Subscription Shares

Feb 14 (Reuters) - Shougang Concord International Enterprises Co Ltd:

* CO AGREED TO ISSUE 1.5 BILLION SUBSCRIPTION SHARES AT PRICE OF HK$0.3 PER SHARE

* TOTAL CONSIDERATION PAYABLE BY SUBSCRIBER HK$450.O MILLION

* INTENDS TO USE PART OF NET PROCEEDS FROM SUBSCRIPTION TO INVEST IN GROUP'S CAR PARKING BUSINESS

* TOTAL CONSIDERATION PAYABLE BY SUBSCRIBER HK$450 MILLION (REMOVES EXTRANEOUS LETTER) Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)