Origin Agritech (SEED) has released an update.
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Origin Agritech Limited announced significant corporate changes and a new private placement of shares. Weibin Yan has been appointed as CEO and a board director, with Dr. Gengchen Han taking the role of President while maintaining his position as Chairman. The company also entered into an agreement to sell 1,250,000 shares at $2.37 each, aiming to raise nearly $3 million for working capital and expansion into nutritional business ventures.
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