HONG KONG, Aug 18 (Reuters) - Chaoda Modern Agriculture (Holdings) <0682.HK> plans to raise a total of $356 million 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 in 3.7 percent secured guaranteed convertible bonds due 2015 and about $6 million worth of call options.
It also aims to raise $150 million through the sale of 154.84 million shares at HK$7.53 ($0.969) each, or a 12.03 percent discount to the previous close, to substantial shareholder Kailey Investment Ltd.
Trading in its shares, which was suspended on Monday, will resume on Wednesday.
Kailey's stake in Chaoda Modern will be diluted to 19.20 percent after the share sale from 20.13 percent.
IFR reported on Monday that Chaoda Modern planned to raise at least $400 million via share, bond and warrant issues. [ID:nTOE67F06H] (Reporting by Donny Kwok; Editing by Jonathan Hopfner) ((donny.kwok@thomsonreuters.com; +852 2843 6470; Reuters Messaging: donny.kwok.reuters.com@reuters.net)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)) ($1=7.771 Hong Kong Dollar) Keywords: CHAODA BONDS
