Origin Agritech unit sells 70.52% stake in Xinjiang Originbo for RMB 108 million
Bitget2026/09/30 11:08- Origin Agritech subsidiary Beijing Origin Agriculture agreed to sell its 70.5184% stake in Xinjiang Originbo to Hunan Xindaxin.
- Transfer price set at RMB 108 million, payable in four installments through June 30, 2027; RMB 11.39 million offset against the first payment.
- Control shifts immediately via management appointments and custody of company seals; legal title transfers only once full payment is made.
- Origin Agritech plans to deconsolidate Xinjiang Originbo once control transfers, derecognizing its assets and liabilities.
- Beijing Origin Agriculture will lease back the Xinjiang seed production base for five years from Oct. 1, 2026 at RMB 4 million annual rent.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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