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Origin Agritech +20% as new strategic investor buys 1.4M shares

Oct. 22, 2018 9:37 AM ETOrigin Agritech Limited (SEED) StockBy: Carl Surran, SA News Editor1 Comment
  • Origin Agritech (NASDAQ:SEED +22.4%) pops at the open following news that new strategic investor Longhan Investment Management agrees to purchase nearly 1.4M common shares for an aggregate purchase price of nearly $7.5M.
  • Last week, Origin and Longhan said they would work together to start the commercialization of Integrated Saline-Alkaline Land Reclamation technology in 2019, both in China and globally.
  • Origin and Longhan say they plan to integrate seed treatment, soil treatment technologies, and seed breeding and biotechnology, as well as Origin's agricultural business platform.

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