Origin Agritech Secures $280,000 Grant For Building Germplasm Bank In Xinjiang
Portfolio Pulse from Happy Mohamed
Origin Agritech Ltd. (NASDAQ:SEED) has been awarded a grant of approximately $280,000 from the Xinjiang government. The grant will support Origin's efforts to build a local Germplasm Bank in Xinjiang and the Company's contract growing of Nutritionally Enhanced Corn (NEC) in the region. The company sees this as a validation of their efforts to modernize agriculture in China and contribute to regional food security.
July 19, 2023 | 3:56 pm
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The grant of $280,000 to Origin Agritech Ltd. from the Xinjiang government will support the company's efforts to modernize agriculture in China. This could potentially boost the company's reputation and future prospects.
The grant from the Xinjiang government is a significant validation of Origin Agritech's efforts to modernize agriculture in China. This could potentially enhance the company's reputation, attract more support, and boost its stock in the short term.
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