DES MOINES, Iowa, August 8, 2017 /PRNewswire/ -- Origin Agritech
Ltd. (Nasdaq: SEED) ("the Company" or "Origin"), an agricultural
biotechnology trait and corn seed provider, today announced that
Origin CEO Dr. Bill Niebur has
reported the purchase of 73,530 treasury shares from the Company
for a total value of $100,000.
The purchase transaction by Dr. Niebur was made on a private
placement basis, and consummated on August
7, 2017, at a price of $1.36
per share. The purchase price reflected the market price as of the
close of the market on August 4,
2017. The shares are "restricted" securities and do not have
registration rights.
About Origin Agritech Ltd.
Origin Agritech Limited, founded in 1997 and headquartered in
Zhong-Guan-Cun (ZGC) Life Science Park in Beijing, is China's leading agricultural biotechnology
company, specializing in crop seed breeding and genetic
improvement, seed production, processing, distribution, and related
technical services. Leading the development of crop seed
biotechnologies, Origin Agritech's phytase corn was the first
transgenic corn to receive the Bio-Safety Certificate from
China's Ministry of Agriculture.
Over the years, Origin has established a robust biotechnology seed
pipeline including products with glyphosate tolerance and pest
resistance (Bt) traits. Origin operates production centers,
processing centers and breeding stations nationwide with sales
centers located in key crop-planting regions. Product lines are
vertically integrated for corn, rice and canola seeds. For further
information, please visit the Company's website at:
http://www.originseed.com.cn or
http://www.originseed.com.cn/en/.
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SOURCE Origin Agritech Limited