Archive for May, 2012

Shares and Warrants of new BVI company commence trading separately

Monday, May 21st, 2012

BGS Acquisition Corp., a blank check company registered in the British Virgin Islands, announced that The PrinceRidge Group LLC, the representative of the underwriters of its initial public offering of units, which was consummated on March 26, 2012, has notified the BVI company that, starting with May 18, 2012, the holders of BVI company’s units may separately trade the ordinary shares and warrants underlying the units. Those units not separated will continue to trade on the NASDAQ Capital Market under the symbol BGSCU.

The PrinceRidge Group LLC acted as sole book-running manager and representative of the underwriters of the offering.

A registration statement relating to the units and the underlying securities was declared effective by the Securities and Exchange Commission on March 20, 2012.

Research Institute established by BVI company and Chinese Agricultural University

Wednesday, May 9th, 2012

BVI-registered company Origin Agritech Limited had announced that its operating company, Beijing Origin Seed Limited and Henan Agricultural University jointly established S.K. Wu Corn Research Institute, which will focus on corn genetics research, hybrid development and crop seed technologies, as well as provide a platform for research exchange and technology transfer between HAU and the BVI company.

The opening ceremony, which took place on April 20, 2012, was attended by the delegates from the Provincial Department of Agriculture, Provincial Department of Education, Science and Technology Department, Provincial Agricultural Development Office, and Academy of Agricultural Sciences.

President of HAU, Ms. Zhang, has commented on the launch of the institute saying that it represented a new milestone of cooperation between HAU and Origin, which also could benefit the industrialization of corn and food safety in China.