Fuhua Agriculture Technology Co, a Chinese herbicide producer, plans to seek as much as $200 million in an initial public offering in Hong Kong, said two people with knowledge of the matter.

The company has filed an application to the Hong Kong stock exchange and may complete the IPO late this year or early in 2013, the people said, asking not to be identified because the information is private.

Officials at Fuhua Agriculture's parent company Fuhua Group in Leshan city, Sichuan province could not immediately comment on the IPO plan.

Fuhua Agriculture produces a herbicide called glyphosate. The company has 1,200 employees and the capacity to make 70,000 metric tons of glyphosate a year, according to its website.

Citigroup Inc is managing the IPO, the people said.

(HK Edition 09/26/2012 page2)