Origin Agritech Strengthens Liquidity by Selling Its Xinjiang Seed Subsidiary and Leasing Back the Production Base
Origin Agritech (SEED) sold its 70.52% stake in Xinjiang Originbo for RMB 108M (US$15M) to Hunan Xindaxin, leasing back the production base for five years. The company plans to use proceeds for working capital, R&D, and market expansion. The transaction involves related parties but was approved by the company's audit committee.

