Chaoda Modern Agriculture (Holdings) is considering raising a large Hong Kong dollar loan to fund new projects in the mainland and overseas.
Chairman Kwok Ho refused to put a figure on any future borrowings but believes an agreement will be reached by the end of this month.
He said Chaoda, with one billion yuan (about HK$937 million) cash was not in need of immediate funding.
Chaoda is engaged principally in growing and selling vegetables and fruit. It is the first mainland agricultural counter to list on Hong Kong's main board.
Chaoda last month secured a HK$7 million share placement. Mr Kwok said 50 per cent of the net proceeds would be used for production base development.
He also said the company's production bases would be extended from Fujian province to the south and north of China, namely, Sichuan, Hunan and Hubei provinces, and even to the north-west.
