PRC agricultural company raises funds

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    clpstaff &clp articles

    Chaoda Modern Agriculture (Chaoda), a PRC modern agricultural enterprise listed on the Hong Kong Stock Exchange, has raised US$350 million through a combination…

    Chaoda Modern Agriculture (Chaoda), a PRC modern agricultural enterprise listed on the Hong Kong Stock Exchange, has raised US$350 million through a combination of an international issue of convertible bonds and a share placement.

    Chaoda issued US $200 million 3.7 per cent convertible bonds due to mature in 2015 and a top-up placing of approximately US$150 million of shares.

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