March 29 (Reuters) - Metalstech Ltd MTC.AX :
* WUXI BAICHUAN CHEMICAL INDUSTRIAL CO RECEIVES FINAL GOVERNMENT APPROVAL FROM CHINESE REGULATORS REGARDING $1.8 MILLION FUND RAISE
* WUXI BAICHUAN CHEMICAL INDUSTRY CO TO SUBSCRIBE FOR 10 MILLION MTC SHARES AT PRICE $0.18 PER SHARE