Origin Agritech Limited (SEED) Appoints Yasheng Yang as the Acting CFO; Company Files Naked Short Selling Complaint with SEC
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Origin Agritech Limited (NASDAQ: SEED) has appointed Yasheng Yang as the Acting Chief Financial Officer effective immediately. Yasheng Yang is replacing Veronica Chen, who is stepping down to pursue other opportunities.
Yasheng Yang has served as Vice Chairman of the board of directors, treasurer of the company and has also previously served as the Chief Operating Officer of the company from 2005 to 2007. He has involved in the Chinese seed industry for more than ten years.
The company also announced today that it has filed a letter of complaint with the U.S. Securities & Exchange Commission regarding the naked short selling of the company's stock.
Origin Agritech Limited, through its subsidiaries, engages in the research, development, production, sale, and distribution of hybrid crop seeds in the People's Republic of China.[SM]
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