Message #8 From:
NewsBot Date: November 20, 2006 12:01:00 PM
SEED News Standard & Poor's Initiates Factual Stock Report Coverage on Origin Agritech Ltd.
NEW YORK--(BUSINESS WIRE)--Standard & Poor’s announced today that it
has commenced Factual Stock Report coverage on Origin Agritech Ltd.
Origin Agritech Ltd. (NGM: SEED) is one of the leading seed companies in
China, specializing in the research, development, production, sale and
distribution of hybrid crop seeds in China, including corn seeds, cotton
seeds, and rice seeds.
The company began to develop its own proprietary hybrid seed varieties
in 1998. As of December 31, 2005, SEED had five internally developed
seed products that were approved by the Ministry of Agriculture and in
commercial production and distribution. The company develops, produces
and sells both internally developed and licensed crop seeds in China,
but also continues to rely on licensed seeds from others. The majority
of the company's revenues are from licensed seeds.
Sales are concentrated mostly in the central, northwest, northeast and
northern regions of China. The company's initial focus was on hybrid
corn seed production and sales, but in 2001, it expanded its business
activities to include the production and sale of hybrid cotton seeds.
SEED further expanded into the production and sale of rice seeds in 2004.
This report will also be accessible on an ongoing basis to a wide
audience of the investment community ---- scores of buy-side
institutions and sell-side firms that utilize S&P research and
information platforms daily. Millions of self-directed investors also
have access to the report via their e-brokerage accounts.
About Standard & Poor's Factual Stock Reports
This Standard & Poor’s service provides
factual research coverage enabling information about Origin Agritech
Ltd. and other securities to reach a wide investor audience of Buy and
Sell-side investors, helping them understand a company’s
fundamentals and business prospects. Currently profiling over 1,000
issuers, S&P Factual Stock Reports increase market awareness for issuers
in the investment community with insightful commentary and key
statistics/information. Updated weekly with the latest pricing, trading
volume, and other data, the reports include recent developments, a
financial review, key operating information, Industry and peer
comparisons, institutional holdings analysis, Street Consensus and
opinions, performance charts, business summary, fundamental data, and
news. Because coverage of these reports is sponsored by the issuer, S&P
does not offer investment opinions concerning the advisability of
investing in these stocks.
Standard & Poor’s Factual Stock Reports
are produced separately from any other analytic activity of Standard &
Poor’s. Standard & Poor’s
Factual Report research has no access to non-public information received
by other units of Standard & Poor’s.
Standard & Poor’s does not trade on its
own account.
Note:All U.S. and Canadian Companies listed on a National
Exchange (not covered by S&P’s STARS
research) are eligible to obtain this coverage.
About Standard & Poor's
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is the world's foremost provider of financial market intelligence,
including independent credit ratings, indices, risk evaluation,
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their investment and financial decisions. For more information, visit http://www.standardandpoors.com.
