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AI brief of an SEC Form 8-K · Origin Agritech LTD (SEED)

Origin Agritech to acquire 52.21% controlling stake in Denong for $5 million

Neutral Impact 3 of 5 m&a Written later

Origin Agritech agreed on January 17, 2006 to buy a 52.21% controlling interest in Denong Zhengcheng Seed Company for $5 million in cash. Closing depends only on government approvals, which the company expects within 30 days, and management said the deal will not change its prior guidance for the year ending June 30, 2006.

Key points

  • Agreement dated January 17, 2006 for a 52.21% interest in Denong for $5 million cash
  • Denong 2004 revenue was RMB213 million ($26.3 million), up from RMB169 million ($20.8 million) in 2003
  • Company says guidance is unchanged at $11 million earnings on $55 million projected revenue for the year ending June 30, 2006
  • Closing is contingent only on government registration procedures, expected within 30 days

The filing

CompanyOrigin Agritech LTD (SEED)
Form8-K, current report
Filed with the SECJan 19, 2006, 4:18 PM ET
Accession number0001157523-06-000447

Items reported: 1.01 Material Definitive Agreement

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 19, 2006.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.