Origin Agritech's US-listed shares gain on farm land deal
17/04/2023 15:50
** U.S.-listed shares SEED.O of Chinese agricultural firm
Origin Agritech Ltd up 12.8% at $7
** Company's joint venture signs a deal with Shihezi city in
Xinjiang for about 33,000 acres of farm land for growing corn
** Origin Agritech expects deal to add $8 mln to revenue in
2023, increasing to $55 mln in 2024
** Financial details of deal not disclosed
** As of last close, company's shares down 11% YTD
(Reporting by Ankit Kumar in Bengaluru)
((Ankit.Kumar2@thomsonreuters.com))
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