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Origin Agritech’s Joint Venture Receives an Additional RMB20 million in Funding from Beijing Changping Technology Innodevelop Group

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BEIJING, Oct. 28, 2020 /PRNewswire/ — Origin Agritech Ltd. (NASDAQ: SEED) (the "Company" or "Origin"), an agriculture technology company, today announced that the company’s Beijing Origin subsidiary has received an additional RMB20 million in funding from its joint venture partner, Beijing Changping Technology Innodevelop Group (BC-TID).

  • The receipt of this second tranche of money brings the total funding from BC-TID to the RMB157 million or approximately $23.4 million.
  • The deal documents have been completed by both Origin and BC-TID and have been submitted to government officials and are pending final approval.
  • Origin Agritech anticipates that the joint venture will receive the necessary government approval and that the deal will close, all within two weeks.
  • With the receipt of the RMB157 million Origin Agritech has the money necessary to execute on its plans to expand its seed production and marketing in anticipation of China going GMO positive in the near-term.

About BC-TID

BC-TID is wholly owned by the local government of Changping District in Beijing and was setup as an industrial investment platform. With over RMB10 billion asset, BC-TID mainly invests in the companies in the industrial parks of Changping District, where Origin Life Science Center building is located.

About Origin Agritech Limited

Origin Agritech Limited, founded in 1997 and headquartered in Zhong-Guan-Cun (ZGC) Life Science Park in Beijing, is a leading Chinese agricultural technology company. In crop seed biotechnologies, Origin Agritech’s phytase corn was the first transgenic corn to receive the Bio-Safety Certificate from China’s Ministry of Agriculture. Over the years, Origin has established a robust biotechnology seed pipeline including products with glyphosate tolerance and pest resistance (Bt) traits. For further information, please visit the Company’s website at: http://www.originseed.com.cn or http://www.originseed.com.cn/en/.

Forward-Looking Statements

This communication contains "forward-looking statements" as defined in the federal securities laws, including Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements address expected future business and financial performance and financial condition, and contain words like "expect," "anticipate," "intend," "plan," "believe," "seek," "will," "would," "target," and similar expressions and variations. Forward-looking statements address matters that are uncertain. Forward-looking statements are not guarantees of future performance and are based on assumptions and expectations which may not be realized. They are based on management’s current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates but involve a number of risks and uncertainties, many of which are beyond the company’s control. Some of the important factors that could cause the company’s actual results to differ materially from those discussed in forward-looking statements are: failure to develop and market new products and optimally manage product life cycles; ability to respond to market acceptance, rules, regulations and policies affecting our products; failure to appropriately manage process safety and product stewardship issues; changes in laws and regulations or political conditions; global economic and capital markets conditions, such as inflation, interest and currency exchange rates; business or supply disruptions; natural disasters and weather events and patterns; ability to protect and enforce the company’s intellectual property rights; and separation of underperforming or non-strategic assets or businesses. The company undertakes no duty or obligation to publicly revise or update any forward-looking statements as a result of future developments, or new information or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and actual results may differ materially from the anticipated results. You are urged to consider these factors carefully in evaluating the forward-looking statements contained herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements.

Contact:

Joe Ramelli
Phone: (310) 845-6238
Email: [email protected]

 

Related Links :

http://www.originseed.com.cn

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Hankyung.com's introduces: SBA to host “2020 Seoul Award Global Sourcing Fair” to support international sales of K-Products

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  • 25th (Wed), 26th (Thurs) '2020 Seoul Award Global Sourcing Fair' BIZ-matching will be held at Seoul Dragon City
  • More than 170 buyers from China, Japan, France, and Korea will participate and hold consulting sessions with 400 Korean Award winners
  • Many events including social network marketing with SNS influencers to support small and medium sized companies to enter the international market in the midst of economic downfall due to COVID-19.

SEOUL, South Korea, Nov. 26, 2020 /PRNewswire/ — The city government of Seoul and Seoul Business Agency (SBA, CEO Jang Yeong-seung), the driving force behind new jobs created in Seoul, announced the plan for “2020 Seoul Award Global Sourcing Fair”, a large-scale export consultation that is designed to promote support small and medium sized business in Korea who were directly impacted by COVID-19. The event will invite international and Korean buyers and will be held in on/off-line formats.

Following announcement covered by Hankyung.com, The Fair will be held in Seoul Dragon City. International buyers who are residing outside of Korea will participate via online, and buyers from Korea will participate via offline to mitigate COVID-19.

At the Fair, more than 120 buyers will participate in B2B consulting and sample testing sessions with more than 400 corporates whose products have won Seoul Awards over the clear divider installed at each consulting table.

To accommodate international buyers who cannot enter Korea due to COVID-19, SBA is already hosting online export consulting events at SBA international logistics center from 9/14 (Mon) to 11/20 (Fri).

During the past months, 50 international buyers had more than 400 sessions with small and medium sized businesses via online. The events support companies that have potential to land on deals through offering follow-up meetings until business deals can be made.

About 400 companies whose products have won Seoul Awards will participate in '2020 Seoul Award Global Sourcing Fair' to have export consulting with more than 170 buyers from 16 countries around the world including China, Japan, France, Indonesia, and Spain.

The products that have received Seoul Awards represent 8 areas including: beauty, living, Computer/electronics/digital, Children/Pregnancy/toys, Fashion Accessories, Sports/Leisure/travel, Stationery/Hobbies/Auto/Character/pet, and Foods. The precious Seoul Awards, which has started in 2016, are only given to outstanding daily products that are carefully evaluated by MDs and logistic specialists. The Seoul Award products are popular among many buyers as their credibility has been proven through the qualitative and quantitative examinations associated with Seoul Award.

Seoul Award Global Sourcing Fair did not invite the buyers through third-party companies. Instead, it uses SBA's own network that was built over the time when SBA pioneered the sales path for small and medium businesses. The hosts of Fair will collaborate with the Global Market Development Committee, dedicated to building the international sales route for small and medium businesses, to invite buyers and sellers from all over the world; this will lead to the participation of many highly interested buyers who have strong faith in Seoul Award-winning products.

The Matching consulting provides an opportunity to secure an attractive business deal through customized consulting services. First, the pre-matching meeting about the product in which the buyer is interested in will be provided before consulting schedule will be set. This service is expected to increase each businesses' satisfaction and allow accommodation of each other's needs, leading to the higher chance of landing on a deal.

Moreover, the Fair will partner with Korean SNS influencers and Chinese TikTok personalities to promote beauty products and other products from small and medium businesses.

As the status of COVID-19 is changing rapidly, this event will be held in accordance with the second level of social distancing guideline. Fewer than 100 people will be permitted to each floor (indoor spaces). The spacing allows 1 person for every 4m2, and the clear divider on each consulting table and mask mandate will be implemented.

Moreover, the cleaning specialists will sanitize the space before and after each events and will constantly sanitize the areas with high traffic to maximize the mitigation effort and to promote the international sales of small and medium businesses.

“As COVID-19 is resurging, many small and medium businesses are experiencing slow sales. We believed there are opportunities in every risks. We expect our outstanding K-products including sanitation products will excel in the international market by meeting the perfect buyers”, said Kim Yong-Sang, the head of SBA's Marketing department.

Cision View original content:http://www.prnewswire.com/news-releases/hankyungcoms-introduces-sba-to-host-2020-seoul-award-global-sourcing-fair-to-support-international-sales-of-k-products-301181082.html

SOURCE Hankyung.com

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Round Table for the Financing of CEMAC Integration Projects – Paris, 16 & 17 November 2020

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CEMAC takes up the Challenge and Mobilizes 3.8 Billion Euros to Finance Integration Projects in the CEMAC zone

 PARIS, FRANCE – EQS Newswire – 20 November 2020 – After two days spent in Paris meeting with representatives of the French Government, heads of community institutions, representatives of international institutions, donors and private investors, CEMAC can boast of significant economic success.

Under the leadership of HE Mr. Clément MOUAMBA, Prime Minister, Head of Government of the Republic of Congo, the institution has succeeded in raising 3.8 billion euros to support the financing of integration projects for the economic development of the region.

Organized by the Economic and Monetary Community of Central Africa (CEMAC) under the very high patronage of HE Mr. Denis SASSOU N’GUESSO, President of the Republic of Congo, President dedicated to the Economic and Financial Reform Program of CEMAC (PREF-CEMAC), represented by HE Mr. Clément MOUAMBA, Prime Minister, Head of Government of the Republic of Congo, the round table on the mobilization of financing for integration projects of CEMAC, was held on November 16 and 17, 2020 in Paris.

Due to the COVID-19 pandemic, the round table took place in a hybrid format with 60 participants present, and more than 400 video conference participants over both days.



The objective of this round table was to mobilize donors and private investors to raise funds for the effective implementation of eleven (11) integration projects in the CEMAC zone, which specifically focus on: facilitation of transport and trade, production and interconnection of electricity and communications networks, the common market and economic diversification, and human capital.


At the opening of the ceremony, the opportunities of the CEMAC zone and the importance of the implementation of integration projects for the strengthening of regional integration and the acceleration of the diversification of economies were reminded by Prof. Daniel ONA ONDO, President of the CEMAC Commission.


BDEAC, ADB, BADEA and other CEMAC partner institutions welcomed the initiative and expressed their commitment to support the implementation of projects, while emphasizing on the potential of the CEMAC zone.

The speeches were completed by the intervention of HE Mr. Clément MOUAMBA, Prime Minister, Head of Government of the Republic of Congo, who declared the workshop open and expressed his gratitude and that of all the populations of CEMAC to the French people and their authorities who, despite the international environment marked by the COVID-19 pandemic, have exceptionally agreed to authorize the organization of this meeting on French territory. The day ended with a session dedicated to PPPs during which six private institutions (Club PPP, Meridiam, STOA, Fidal, Olam and Sogea Satom), champions in their field, shared their experiences and success stories of PPPs in Central Africa. The IDB also made a presentation on Islamic finance (SUKUK) as an important mode of financing structuring and integrating projects. 

The second day mainly focused on B to B exchanges between Ministers, donors and economic institutions on the specific characteristics of certain projects, the issue of foreign exchange regulations and the financial environment in CEMAC, and details of the intentions and modes of donor funding. The Governor of BEAC had an enriching exchange with donors and private investors on the regulation of trade and the financial environment in CEMAC. The President of BDEAC also examined with partners their intentions and modes of financing. 

During the two days of the event, several panels bringing together directors of bilateral and multilateral agencies, government authorities and representatives of economic institutions in the area, took place one after the other.

The Ministers of the CEMAC countries made detailed presentations on the eleven (11) projects, presenting the content, objectives, financial evaluations, modes of financing and expected results of each of these projects.

Out of a need for 3.4 billion euros expressed, 3.8 billion euros were mobilized with the support of Afreximbank, BDEAC, the African Development Bank, the World Bank group, the Scandinavian Chamber of Commerce and SX Capital Holdings. The financing of 8 out of 11 projects has been fully completed.

“This round table has had the undeniable merit of taking CEMAC a further step forward on the road to providing it with the infrastructure necessary for its development,” said H.E. Gilbert Ondongo, Chairman of the Steering Committee of PREF-CEMAC, Minister of Economy, Industry and Public Portfolio of the Republic of Congo.

To read the full version of the final press release:  click here  (https://bit.ly/3kMXIlk

For more information on the Round Table and CEMAC, visit the websites  https://bit.ly/2ULfR8g   and  http://www.CEMAC.int/  

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Ashford Dental opens third branch in Bedok, specialising in same-day smile restoration

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SINGAPORE – Media OutReach – 23 November 2020 – With the opening of their third facility in Bedok projected for end December 2020, the Ashford Dental Centre is expanding its operations into a wider range of neighbourhood locations. Along with their other two branches in Serangoon and Thomson, the new facility will facilitate the provision of dental services to match rising demand.

[View Image]

Out of the many dental services, perhaps the most significant in demand spikes are dental implants. A dental implant requires surgical placement of a titanium fixture into the part of the jaw where a tooth has been lost. Aside from oral health reasons such as maintaining bone structure and preserving the ability to chew, dental implants are essential to one’s confidence and self-esteem. And, that is where Ashford Dental delivers.

Specialising in same-day dental implants, Ashford Dental promises a comfortable, efficient and safe experience for patients. Understandably so, many fret over the physical discomfort and costs associated with a dental visit. However, patients can look forward to the personalised and pleasant consultation that is synonymous with the Ashford Experience.

Having undergone specific and specialised training, the team of dentists over at Ashford Dental are well-acquainted to deliver dental implant placements, even on the day itself, that are suited to you. The range of clinical success stories are testament to how same-day dental implants are one of the most highly requested and performed procedures over at Ashford Dental.

Ashford facilities are registered day surgery centres, which translates to capabilities for intravenous sedation (sleep dentistry). Likewise, all clinics occupy least 1200 square feet of large business offices, dental and recovery suites. Featuring Australian made Adec 550 chairs – the newest generation of dentistry ‘smart’ chairs – and European made maxillofacial imaging systems for oral surgeries like implant dentistry, Ashford promises to redefine the industry with leading technologies and implementations. This makes them stand out as healthcare providers.

The experience, specialised training and track record of success rates are why Ashford Dental remains one of the preferred dental centres in Singapore. Dental implants are growing in popularity because they can be designed to match natural teeth and be employed for either replacement or permanent teeth fixtures. Likewise, being able to offer same-day services for dental implants is a huge plus point for patients who aren’t keen on waiting too long for dental replacement.

Having sustained high traction for their dental services, especially for the same-day dental implants, Ashford Dental Centre is responding to the market demand for it. And, they will be able to do so through the opening of their third facility in the Bedok – the East region of Singapore – and continued reliability and quality service.

Two Ashford Dental Centre branches are located at 215 Upper Thomson Road (S574349) and 15 Teck Chye Terrace S(545723) respectively, while the new opening will be at 337 Bedok Rd S(469514).

 

Media Contact: 

Dr Hardev Singh, Clinical Director 

Email: [email protected] 

Tel: 94529410

About Ashford Dental Centre

With more than 10 years of experience in extending dental services to customers in Singapore, Ashford Dental Centre has remained committed towards making the dental experience a comfortable and relaxing one for customers. Ashford Dental prides itself on offering earnest dental services using optimal equipment to deliver effective dental treatments.

For more information, visit our website here.

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