HONG KONG, June 18 (Reuters) - Chaoda Modern Agriculture <0682.HK> said on Thursday it planned to sell up to $228 million shares at a discount, raising capital to repay outstanding debt.
The Chinese agricultural products producer and distributor said it would sell up to 388 million shares, or 12.8 percent of its enlarged share capital, to professional and institutional investors at HK$4.60 each, raising HK$1.78 billion ($228 million).
Trading in the company's shares, which was suspended on Wednesday afternoon, will resume on Thursday. The stock last traded at HK$5.35.
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