BRIEF-Sinosoft Technology Group updates on MOU in relation to possible subscription of shares in co

March 31 (Reuters) - Sinosoft Technology Group Ltd

:

* Company as issuer and a state-owned company established in

PRC as potential subscriber , entered into a MOU

* Subscription price payable by potential subscriber will be

at premium of closing price of shares of co on date of signing

of MOU

* Deal pursuant to which parties agreed to enter into

further negotiation regarding possible subscription of new

shares of co

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