Origin Agritech unit sells 70.5184% stake in Xinjiang Originbo Seed for about $15 million
SEED•Origin Agritech said Beijing Origin Agriculture agreed to sell its 70.5184% stake in Xinjiang Originbo Seed for about $15 million. The transfer price is payable in four installments, ending June 30, 2027.
1. Equity transfer agreement
Beijing Origin Agriculture entered into an equity transfer agreement with Hunan Xindaxin and Xinjiang Originbo Seed. It will sell its 70.5184% stake in Xinjiang Originbo Seed for about $15 million, payable in four installments ending June 30, 2027.
