Origin Agritech Limited (NASDAQ:SEED) is trading at $9.74 up $.61 or 6% after acquiring an 80% stake in Chinese Bio Chemical Company, Shandong Kunfeng Biochemical Limited. After divesting in Biocentury Transgene, the company used the proceeds to invest in a company more focused in SEED’s market segment. This acquisition is a part of Agritech’s plan to expand its portfolio for full synergistic operation.
Lastly, AISystems (OTCBB: ASYI) is trading at $.52 up $.02 or 4% on a volume of 100k. This company has just been adopted into our Micro Cap Index and has recently announced the release of jetEngine software platform, used to manage and enhance business planning and operations for commercial airlines. With the airline industry struggling in recent times, A company like ASYI could have a large amount of business on its hands if it can provide innovative and viable solutions.
Disclosure: no positions