Origin Agritech Limited Announces Notes Repurchase Agreement
BEIJING--(BUSINESS WIRE)--Origin Agritech Limited (NASDAQ: SEED) (“Origin” or the “Company”) today announced that it entered into a Notes Repurchase Agreement (the “Agreement”) on July 28, 2008 with Citadel Equity Fund Ltd. (“Citadel”) providing for the repurchase by the Company from Citadel of a portion of the Company’s outstanding 1% Guaranteed Senior Secured Convertible Notes due 2012 (the “Notes”).