Origin Agritech Limited (SEED) trading halted with news pending
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Origin Agritech Limited (SEED) will resume trading at 4:35pm ET
September 27, 2016 4:24 PM EDTOrigin Agritech Limited (NASDAQ: SEED) will resume trading at 4:35pm EDT.
... MoreOrigin Agritech Limited (SEED) to Sell Commercial Seed Production, Distribution Unit in $60M Deal
September 27, 2016 4:06 PM EDTOrigin Agritech Limited (NASDAQ: SEED) announced the company has entered into a definitive agreement to sell its proprietary China-based commercial corn seed production and distribution business for RMB 400 million (approximately USD $60 million) to Beijing Shihui Agricultural Development Co, Ltd ("Beijing Shihui").
This is the next phase in management's plan to establish Origin as a global seed germplasm and biotech trait leader. Origin will retain its corn breeding and biotech research and development capabilities, which include modern laboratories, extensive field testing networks and off-season winter nursery in Hainan, to expand and pursue germplasm and trait licensing... More
Origin Agritech (SEED) to Sell ommercial Seed Production and Distribution Business for $60M
September 27, 2016 4:06 PM EDTOrigin Agritech Ltd. (Nasdaq: SEED) today announced the company has entered into a definitive agreement to sell its proprietary China-based commercial corn seed production and distribution business for RMB 400 million (approximately USD $60 million) to Beijing Shihui Agricultural Development Co, Ltd ("Beijing Shihui").
This is the next phase in management's plan to establish Origin as a global seed germplasm and biotech trait leader. Origin will retain its corn breeding and biotech research and development capabilities, which include modern laboratories, extensive field testing networks and off-season winter nursery in Hainan, to expand and pursue germplasm and trait... More
