China Agri-Industries Said to Sell $500 Million of Stock, Bonds
This article is for subscribers only.
China Agri-Industries Holdings Ltd., a Hong Kong-listed unit of China’s largest grain trader Cofco Ltd., is selling about $200 million of shares and $300 million of convertible bonds, said two people with knowledge of the matter.
China Agri-Industries is offering shares at HK$8.75 ($1.13) to HK$9 apiece, a discount of as much as 7.9 percent to its closing price of HK$9.5, according to the people, who declined to be named because the information isn’t public.