Ceres Announces Fiscal Second Quarter 2013 Financial Results

    Sweet sorghum harvests under way in Brazil.
    Ceres products outperforming competitors.
    High-sugar trait validated in sorghum.

Energy crop company Ceres, Inc. (CERE) today announced financial results for the quarter ended February 28, 2013 and provided an update on its business in Brazil, its largest immediate commercial opportunity. 

The company reported that commercial harvests and yield evaluations of its newest sweet sorghum hybrids have started in Brazil, with the bulk of locations and hectares expected to be harvested in the next several weeks when various plantings reach maturity.

Published: 13 June 2013
Written by Editor
Nasdaq   Financial Results   Up on News   Agriculture   Interesting News  
Read more: Ceres Inc ( CERE )

Legumex Walker Reports Significantly Improved Financial Results for First Quarter 2013

- Special Crops Division Delivers Strong Quarter for EBITDA and Cash Flow As Pacific Coast Canola Prepares for Full Production -

Legumex Walker Inc. (TSX:LWP.TO ) (the "Company") today reported its financial results for the three months ended March 31, 2013.  All figures are in Canadian dollars unless otherwise stated.

Highlights for the Three Months Ended March 31, 2013 (all growth metrics reflect comparison to the three months ended March 31, 2012):

Yongye International, Inc. Announces Receipt of "Going Private" Proposal at $6.60 Per Share

Yongye International, Inc. (NASDAQ:  YONG) ("Yongye" or the "Company"), a leading developer, manufacturer and distributor of crop nutrient products in China, today announced that its Board of Directors has received a preliminary, non-binding proposal letter dated October 15, 2012 from (i) Mr. Zishen Wu ("Mr. Wu"), the Company's Chairman and Chief Executive Officer, (ii) Full Alliance International Limited ("Full Alliance"), (iii) MSPEA Agriculture Holding Limited ("MSPEA"), and (iv) Abax Global Capital (Hong Kong) Limited, on behalf of funds managed and/or advised by it and its nominee entities and its and their affiliates (collectively, "Abax," together with Mr. Wu, Full Alliance and MSPEA, the "Buyer Parties"), to acquire all of the outstanding shares of common stock of the Company not currently owned by the Buyer Parties in a going private transaction for $6.60 per share of common stock in cash, subject to certain conditions.

Published: 15 October 2012
Written by Editor
Nasdaq   M & A   Up on News   Agriculture   Interesting News  
Read more: Yongye International Inc ( YONG )

Origin Agritech Provides Update on Corn Seed R&D Programs

Origin Agritech Limited (SEED) (“Origin” or the “Company”), a technology-focused supplier of hybrid and genetically modified crop seeds in China, today provided update on its Genetically Modified (“GM”) corn seed pipeline and hybrid corn seed development program.

GM Corn Seed Pipeline

Genetically modified seed products in China must initially undergo a five-stage approval process consisting of Phase 1 - Laboratory Research, Phase 2 - Intermediate Test, Phase 3 - Environment Release Test, Phase 4 - Production Test, leading to the receipt of the Bio-Safety Certificate from Ministry of Agriculture (“MOA”) in Phase 5.

Published: 10 July 2012
Written by Editor
Nasdaq   Project Updates   Up on News   Agriculture   Interesting News  
Read more: Origin Agritech Limited ( SEED )

Zhongpin Announces Receipt of Non-Binding Going Private Proposal from its Chairman at $13.50 Per Share

 Zhongpin Inc. (NASDAQ: HOGS - News) ("Zhongpin" or the "Company"), a leading meat and food processing company in the People's Republic of China, today announced that its Board of Directors has received a preliminary, non-binding proposal from its Chairman and Chief Executive Officer, Mr. Xianfu Zhu ("Mr. Zhu"), which stated that Mr. Zhu intends to acquire all of the outstanding shares of the Company's common stock not currently owned by him in a going private transaction at a proposed price of $13.50 per share in cash. Mr. Zhu currently beneficially owns approximately 17.5% of the Company's common stock. A copy of the proposal letter is attached hereto as Exhibit A.

The Company's Board of Directors intends to form a special committee of independent directors to consider this proposal and any additional proposal that may be made by Mr. Zhu and his affiliates, if any. There can be no assurance that any definitive offer will be made, that any agreement will be executed or that a transaction with Mr. Zhu or any other transaction will be approved or consummated.

Published: 27 March 2012
Written by Editor
Nasdaq   M & A   Up on News   Agriculture   Interesting News  
Read more: Zhongpin Inc ( HOGS )
  1. Clean Seed Capital Group ( CSX )
  2. Imperial Sugar Company ( IPSU )
  3. S&W Seed Company ( SANW )
  4. Clean Seed Capital Group Ltd ( CSX )
  5. SDIX(TM) ( SDIX )