Origin Agritech issues RMB 15 million senior convertible promissory note

Reuters2026/07/31 13:20

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Origin Agritech issued a senior convertible promissory note for RMB 15 million (about USD 2.05 million) in a private placement.
Proceeds funded July 16, 2026 to Hainan Aoyu Biotechnology for working capital; note dated June 30, 2026.
3.98% interest accrues only if repayment is demanded, on conversion, or at maturity; maturity is three years from final funding.
Investor can convert into ordinary shares at USD 1.5 per share; shares issued on conversion face a six-month lock-up.
Cash repayment can be required after year one; company can prepay with majority holder consent; note is unsecured.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Origin Agritech Limited published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-089027), on July 31, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Origin Agritech issues RMB 15 million senior convertible promissory note

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