China Agri-Industries plans rights issue

The agribusiness and food processing company seeks to raise up to $579 million at a 26% discount to Terp.
<div style="text-align: left;"> China Agri is a leading producer of wheat, oilseed and rice </div>
<div style="text-align: left;"> China Agri is a leading producer of wheat, oilseed and rice </div>
November 07, 2012

China Agri-Industries, an agribusiness and food processing company, is planning to raise up to HK$4.49 billion ($579 million) from a rights issue. It will use the money to pay for the possible redemption of a convertible bond and as general working capital.

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