Origin Agritech says no harm done to production facility in wake of earthquake
Chinese agri-biotech researcher and supplier of crop seeds Origin Agritech Ltd. (Nasdaq: SEED) said this morning that its production and distribution facility in Chengdu and other provinces and cities experienced no serious damage from the recent earthquake in China’s Sichuan province and that there were no personnel casualties.
Despite the reassuring announcement, shares toppled 9%, or $0.60, to $6.04 in pre-market trading. For detailed price information and recent news stories about Origin Agritech, click SEED.
