Briefs, November 6, 2012

China Agri-Industries plans rights issue

China Agri-Industries Holdings plans to raise up to HK$4.48 billion through a rights issue to repay convertible bonds on the basis of three rights shares for every 10 shares. Right shares will be offered at HK$ 3.39 each, or at a discount of 31.38 per cent to the last closing price. A maximum of 1.3 billion rights shares would be issued, accounting for 33 per cent of the existing shares. Charlotte So

Citic Telecom jumps on acquisition buzz

via Business feed http://www.scmp.com/business/china-business/article/1075779/briefs-november-6-2012