BRIEF-United Photovoltaics Group enters subscription agreement with subscriber

March 31 (Reuters) - United Photovoltaics Group Ltd

* Company has entered into subscription agreement with

subscriber

* Subscriber to subscribe for, and company has conditionally

agreed to allot and issue 270 million subscription shares

* Share subscription price of hk$0.83 per subscription share

* Net proceeds of share subscription will be approximately

hk$223.9 million

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(bangalore.newsroom@thomsonreuters.com)