Origin Agritech: Rises as China plans to issue biosafety certificates for GM crops

Origin Agritech

30/12/2019 17:44

** Shares of China-based agriculture firm  SEED.O  rise as
much as 44.7% to $6.70; highest in over three months  
    ** China's agriculture ministry plans to issue biosafety
certificates to a domestically grown, genetically modified (GM)
soybean crop and two corn crops  urn:newsml:reuters.com:*:nL4N2941P4
    ** This signifies the policy changes from the central
government as China is moving to commercialize GMO corn - James
Chen, CFO 
    ** Co received biosafety certificates for its phytase GM
corn trait in 2009 and also has several new varieties of GM corn
in pipeline for biosafety approval
    ** Including session's gain, stock has risen ~16% YTD 
    

 (Reporting by Shradha Singh in Bengaluru)
 ((Shradha.Singh@thomsonreuters.com; within U.S. +1 646 223 8780
Ext: 2439, outside U.S. +91 80 6749 2439;))