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Ceres Inc ( CERE ) |
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Agriculture
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Written by Editor
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Thursday, 13 June 2013 07:14 |
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.
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Legumex Walker Inc ( LWP ) |
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Agriculture
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Written by Editor
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Wednesday, 15 May 2013 07:40 |
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):
- Improved financial results from the Special Crops division:
- Revenue increased 26% to $83 million on an increase in tonnes shipped of 19% to 97,500 tonnes;
- Adjusted gross profit increased 61% to $9.2 million with a commodity margin increase of 41% to $144 per tonne, reflecting the success of the Company's strategy to diversify into higher-margin products;
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Hanfeng Evergreen Inc ( HF ) |
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Agriculture
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Written by Editor
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Wednesday, 09 January 2013 12:49 |
Hanfeng Evergreen Receives Privatization Proposal
Hanfeng Evergreen Inc ( HF ) ("Hanfeng" or the "Corporation") announced that its board of directors has received an unsolicited non-binding proposal from Mr. Xinduo Yu, the Corporation''s President and Chief Executive Officer and the holder of approximately 20.2% of Hanfeng''s outstanding common shares, pursuant to which a company wholly-owned by Mr. Yu would acquire all of the outstanding common shares not owned by it at a price of CDN$2.20 in cash per share.
The board of directors has previously formed a special committee of independent directors consisting of Loudon Owen (Chairman), Edwin Nordholm and David Thomson to review and consider the privatization proposal.
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Yongye International Inc ( YONG ) |
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Agriculture
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Written by Editor
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Monday, 15 October 2012 07:11 |
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.
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Origin Agritech Limited ( SEED ) |
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Agriculture
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Written by Editor
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Tuesday, 10 July 2012 10:07 |
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.
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