BRIEF-Shanghai Worth Garden To Raise Up To 1.1 Bln Yuan Via Share Private Placement

March 16 (Reuters) - Shanghai Worth Garden Co Ltd :

* SAYS IT PLANS TO RAISE UP TO 1.1 BILLION YUAN ($156.96 million) VIA SHARE PRIVATE PLACEMENT TO ACQUIRE SHARES, REPAY DEBTS AND REPLENISH CAPITAL Source text in Chinese: Further company coverage: ($1 = 7.0083 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)