Archive for the ‘NASDAQ listed BVI Companies’ Category

Origin entered into collaboration agreement with INOVA, Brazil

Thursday, September 19th, 2019

BVI-registered Origin Agritech Ltd. entered into a collaboration agreement with Inova Genética Ltda (INOVA), a member of the Wehrmann Group, which is an active participant of the seed industry and a leading vegetable production company in Brazil. The agreement between the agriculture technology company and INOVA provides for co-operation in field testing of hybrids of both companies in each other’s geographic regions.

INOVA will also co-operate with the BVI company to evaluate corn seed biotechnology traits for application in South American markets. Origin and INOVA will explore commercial opportunities between the companies in corn seed breeding, production and distribution in South America. INOVA is focused on the plant breeding business and is headquartered in Cristalina-GO, Brazil.

Origin Agritech signed agreement with Biotechnology Research Institute

Friday, August 30th, 2019

Origin Agritech Ltd. has entered into a collaboration agreement with Biotechnology Research Institute (BRI) of Chinese Academy of Agricultural Sciences (CAAS), which will speed up the commercialization of genetically modified insect resistance and glyphosate tolerance corn traits in China.

During long time, the BVI corporation has been cooperating with CAAS to develop various GM traits, and the new agreement enhances the cooperation with BRI, mainly focusing on related research for commercialization of the double stacked corn trait of insect resistance and glyphosate tolerance.

Origin and BRI will join together to apply for government sponsored funds and share research facilities and capabilities. Both companies will also work together to promote the commercialization of the stacked corn trait, which Origin has been developing based on the fundamental research from CAAS.

Chinese Academy of Agricultural Sciences is a national, integrative agricultural scientific research organization in China carrying out both basic and applied research, and research into new agriculture technologies. BRI of CAAS is the only public, non-profit institution focusing on the basic and applied research of agro-biotechnology in China.

Origin Agritech entered into investment agreement to form a new JV

Friday, June 7th, 2019

Origin Agritech Ltd., an agriculture technology and rural e-commerce company registered in the British Virgin Islands, entered into a Cooperation Framework Agreement with Beijing Changping Technology Innodevelop Group (BC-TID), with the purpose to form a new joint venture which will be focused on the commercialization of genetically modified corn seed technologies.

According to this agreement, both companies will establish the new entity with approximately equal partnership. BC-TID will fund the joint venture with a total amount of RMB204mln, while Origin Agritech will contribute the Origin Life Science Center building in Beijing and two biotech corn traits – the glyphosate tolerance (Gt) trait and the double stacked traits of insect resistance (Bt) and Gt genes.

These two biotech traits have completed multi-year production tests, and the BVI corporation has already submitted the application for the final stage of biosafety approval to China’s Ministry of Agriculture.

Since Origin started its corn seed biotechnology research 15 years ago in cooperation with Chinese Academy of Agricultural Sciences, it has developed several corn seed biotech traits. Also, the BVI company has entered into commercialization agreements with multinational and local corn seed companies. Dr. Gengchen Han, Origin’s Chairman and Chief Executive Officer, stated: “The investment of BC-TID to form a joint venture for biotech corn seed commercialization gives us very strong support as we’re moving closer to the commercialization of our corn seed biotechnologies.”

China Natural Resources announced results of operations for year ended December 31, 2018

Friday, May 10th, 2019

China Natural Resources, Inc., the company incorporated in the British Virgin Islands and headquartered in the PRC, announced the results of operations for the year ended December 31, 2018. The consolidated statements of profits or loss of China Natural Resources for the years ended December 31, 2016, 2017 and 2018 have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”).

Company’s Chairman Mr. Wong Wah On Edward commented on the results: “In late 2018, our wholly-owned subsidiary, Bayannaoer City Feishang Mining Company Limited, completed initial exploration program which indicated the presence of a “mid-size” deposit of lead and silver ore and resources sufficient in quantity and quality to warrant further exploration designed to confirm and increase measured resources, with the prospect of identifying other minable metal resources such as copper. In addition, we will continue to explore new business opportunities to contribute to revenues and enhance shareholder values.”