UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report:
(Date of earliest event reported)
January 17, 2006
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ORIGIN AGRITECH LIMITED
(Exact name of registrant as specified in charter)
British Virgin Islands
(State or other Jurisdiction of Incorporation or Organization)
(Commission File Number) (IRS Employer Identification
000-51576 No.)
625 Broadway, Suite 1111 N/A
San Diego, CA 92101
(Address of Principal Executive Offices and
zip code)
(619) 795-4627
(Registrant's telephone number, including area code)
N/A
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of registrant under any of the
following provisions:
|_| Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12(b) under the Exchange
Act (17 CFR 240.14a-12(b))
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
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Information included in this Form 8-K may contain forward-looking
statements within the meaning of Section 27A of the Securities Act of 1933, as
amended (the "Securities Act") and Section 21E of the Securities Exchange Act of
1934, as amended (the "Exchange Act"). This information may involve known and
unknown risks, uncertainties and other factors which may cause the Company's
actual results, performance or achievements to be materially different from
future results, performance or achievements expressed or implied by any
forward-looking statements. Forward-looking statements, which involve
assumptions and describe the Company's future plans, strategies and
expectations, are generally identifiable by use of the words "may," "will,"
"should," "expect," "anticipate," "estimate," "believe," "intend" or "project"
or the negative of these words or other variations on these words or comparable
terminology. These forward-looking statements are based on assumptions that may
be incorrect, and there can be no assurance that any projections included in
these forward-looking statements will come to pass. The Company's actual results
could differ materially from those expressed or implied by the forward-looking
statements as a result of various factors. Except as required by applicable
laws, the Company undertakes no obligation to update publicly any
forward-looking statements for any reason, even if new information becomes
available or other events occur in the future.
Section 1. Registrant's Business and Operations.
Item 1.01 Entry into a Material Definitive Agreement
On January 17, 2006, the Company entered into a material definitive
agreement to acquire a controlling interest in Denong Zhengcheng Seed Company,
Ltd. ("Denong"), a developer, producer and marketer of hybrid rice, cotton and
rape seed, principally in southwest China. Under the terms of the agreement, the
Company will pay $5 million in cash to acquire a 52.21% interest in Denong. The
closing of the transaction is contingent only upon the receipt of required
governmental approvals. There is no relationship between the Company or any of
its affiliates and Denong, except for that created by the agreement described in
this filing.
Item 9.01 Financial Information and Exhibits
(c) Exhibits
99.1 Press Release titled "Origin Agritech Acquires a Controlling Interest in
Denong Zhengcheng Company, Ltd." dated January 19, 2006
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Origin Agritech Limited
(Registrant)
Date: January 19, 2006 By: /S/ Gengchen Han
Gengchen Han, CEO
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