- 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.