Archive for the ‘Letter of Complaint’ Category

Origin Agritech Limited appoints new CFO and files information on naked short selling to SEC

Monday, October 13th, 2008

British Virgin Islands-registered Origin Agritech Limited, which is the leading technology-focused supplier of crop seeds in China, announced the appointment of Yasheng Yang as the Acting Chief Financial Officer of the company. In this post, Yasheng Yang will replace Veronica Chen who leaves the position for other opportunities.

Yasheng Yang has served as Vice Chairman of the board of directors, treasurer of the company, and in the period from 2005 to 2007 he served as the Chief Operating Officer of the company. He has been involved in the Chinese seed industry for more than ten years.

Also, the BVI company has filed a letter of complaint with the U.S. Securities & Exchange Commission regarding the naked short selling of company’s stock.