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China Unicom Shanghai unit says to raise $9.25 bln, less than flagged

HONG KONG, Aug 21 (Reuters) - China United Network Communications Ltd, the Shanghai-listed unit of telecoms group China Unicom, said it plans to raise 61.73 billion yuan ($9.25 billion) in a private placement, more than $2 billion less than previously announced.

The company made the announcement in a statement to the Shanghai stock exchange late on Sunday. It gave no reason for the change in the value of the placement.

On Monday, China Unicom Hong Kong Ltd, the Hong Kong unit of the group, said trade in its shares would resume.

The state-owned group had announced on Wednesday it was raising the funds via its Shanghai-listed unit from more than a dozen investors, including tech giants Alibaba Group, Tencent Holdings, and Baidu. ($1 = 6.6700 Chinese yuan) (Reporting by Donny Kwok; Editing by Edwina Gibbs)