Also aims to raise HK$1.16bln through sale of 154.84 million shares to expand production.
Chaoda Modern Agriculture (Holdings) plans to raise a total of $356 million (HK$2.76 billion) via issues of bonds, options and shares to expand existing and establish new production areas in China.
In a filing to the Hong Kong bourse late on Tuesday, the Chinese agricultural products producer said it would issue up to $200 million (HK$1.55 billion) in 3.7 percent secured guaranteed convertible bonds due 2015 and about $6 million (HK$46.61 million) worth of call options.
It also aims to raise $150 million (HK$1.16 billion) through the sale of 154.84 million shares at HK$7.53 each, or a 12.03 percent discount to the previous close, to substantial shareholder Kailey Investment Ltd.
Kailey's stake in Chaoda Modern will be diluted to 19.20 percent after the share sale from 20.13 percent.
View the full story in Reuters.
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