UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
ORIGIN AGRITECH LIMITED (formerly CHARDAN CHINA ACQUISITION CORP.)
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(Name of Issuer)
Common Stock, $.0001 Par Value Per Share
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(Title of Class of Securities)
G67828106
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(CUSIP Number)
December 31, 2005
-----------------
(Date of Event which Requires Filing
of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[ X ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
Page 1 of 8
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CUSIP No. G67828106 13G Page 2 of 8 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
S.A.C. Capital Advisors, LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / X /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------- ----- ------------------------------------------------------------------------------------------------------
F 5 SOLE VOTING POWER
0
NUMBER OF
SHARES
BENEFICIALLY ----- ------------------------------------------------------------------------------------------------------
OWNED 6 SHARED VOTING POWER
BY
EACH 91,020 (see Item 4)
REPORTING ----- ------------------------------------------------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
0
----- ------------------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
91,020 (see Item 4)
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
91,020 (see Item 4)
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
/ /
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.9 % (see Item 4)
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12 TYPE OF REPORTING PERSON*
00
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*SEE INSTRUCTION BEFORE FILLING OUT
Page 2 of 8
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CUSIP No. G67828106 13G Page 3 of 8 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
S.A.C. Capital Management, LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / X /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-------------------- ------ ------------------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
------ ------------------------------------------------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 91,020 (see Item 4)
OWNED ------ ------------------------------------------------------------------------------------------------------
BY 7 SOLE DISPOSITIVE POWER
EACH
REPORTING 0
PERSON ------ ------------------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
91,020 (see Item 4)
---------- -----------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
91,020 (see Item 4)
---------- -----------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
/ /
---------- -----------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.9 % (see Item 4)
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12 TYPE OF REPORTING PERSON*
00
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Page 3 of 8
*SEE INSTRUCTION BEFORE FILLING OUT
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CUSIP No. G67828106 13G Page 4 of 8 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Steven A. Cohen
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / X /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
-------------------- ------ ------------------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
------ ------------------------------------------------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 91,020 (see Item 4)
OWNED ------ ------------------------------------------------------------------------------------------------------
BY 7 SOLE DISPOSITIVE POWER
EACH
REPORTING 0
PERSON ------ ------------------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
91,020 (see Item 4)
---------- -----------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
91,020 (see Item 4)
---------- -----------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
/ /
---------- -----------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.9 % (see Item 4)
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12 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTION BEFORE FILLING OUT
Page 4 of 8
ITEM 1(a) NAME OF ISSUER:
Origin Agritech Limited (formerly Chardan
China Acquisition Corp.)
ITEM 1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
625 Broadway, Suite 1111
San Diego, CA 92101
ITEMS 2(a) NAME OF PERSON FILING:
This statement is filed by: (i) S.A.C.
Capital Advisors, LLC, ("SAC Capital
Advisors") with respect to shares of common
stock ("Shares") of the Issuer beneficially
owned by S.A.C. Capital Associates, LLC
("SAC Capital Associates"); (ii) S.A.C.
Capital Management, LLC, ("SAC Capital
Management") with respect to Shares
beneficially owned by SAC Capital
Associates; and (iii) Steven A. Cohen with
respect to Shares beneficially owned by SAC
Capital Advisors, SAC Capital Management and
SAC Capital Associates.
ITEM 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE:
The address of the principal business office of (i) SAC Capital
Advisors and Mr. Cohen is 72 Cummings Point Road, Stamford,
Connecticut 06902 and (ii) SAC Capital Management is 540 Madison
Avenue, New York, New York 10022.
ITEM 2(c) CITIZENSHIP:
SAC Capital Advisors and SAC Capital Management are Delaware
limited liability companies. Mr. Cohen is a United States citizen.
ITEM 2(d) TITLE OF CLASS OF SECURITIES:
Common Stock, par value $.0001 per share
ITEM 2(e) CUSIP NUMBER:
G67828106
ITEM 3 Not Applicable
ITEM 4 OWNERSHIP:
The percentages used herein are calculated based upon the Shares
issued and outstanding as of November 5, 2005 as reported on the
Chardan China Acquisition Corp.'s quarterly report on Form 10-QSB
filed with the Securities and Exchange Commission by the Issuer for
the quarterly period ended September 30, 2005.
Page 5 of 8
As of the close of business on December 30, 2005:
1. S.A.C. Capital Advisors, LLC
(a) Amount beneficially owned: 91,020
(b) Percent of class: 1.9%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 91,020
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition: 91,020
2. S.A.C. Capital Management, LLC
(a) Amount beneficially owned: 91,020
(b) Percent of class: 1.9 %
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 91,020
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition: 91,020
3. Steven A. Cohen
(a) Amount beneficially owned: 91,020
(b) Percent of class: 1.9%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 91,020
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition: 91,020
SAC Capital Advisors, SAC Capital Management and Mr. Cohen own
directly no Shares or securities convertible into Shares.
Pursuant to investment agreements, each of SAC Capital
Advisors and SAC Capital Management share all investment and
voting power with respect to the securities held by SAC
Capital Associates. Mr. Cohen controls each of SAC Capital
Advisors and SAC Capital Management. By reason of the
provisions of Rule 13d-3 of the Securities Exchange Act of
1934, as amended, each of SAC Advisors, SAC Capital Management
and Mr. Cohen may be deemed to own beneficially 91,020 Shares
(constituting approximately 1.9% of the Shares outstanding).
Each of SAC Capital Advisors, SAC Capital Management and Mr.
Cohen disclaim beneficial ownership of any of the securities
covered by this statement.
Page 6 of 8
ITEM 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial
owner of more than five percent of the class of securities, check
the following. / X /
ITEM 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
Not Applicable
ITEM 7 IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
COMPANY:
Not Applicable
ITEM 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS
OF THE GROUP:
Not Applicable
ITEM 9 NOTICE OF DISSOLUTION OF GROUP:
Not Applicable
ITEM 10 CERTIFICATION:
By signing below the signatory certifies that, to the best of his
knowledge and belief, the securities referred to above were not acquired and are
not held for the purpose of or with the effect of changing or influencing the
control of the issuer of the securities and were not acquired and are not held
in connection with or as a participant in any transaction having that purpose or
effect.
Page 7 of 8
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: February 14, 2006
S.A.C. CAPITAL ADVISORS, LLC
By: /s/ Peter Nussbaum
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Name: Peter Nussbaum
Title: Authorized Person
S.A.C. CAPITAL MANAGEMENT, LLC
By: /s/ Peter Nussbaum
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Name: Peter Nussbaum
Title: Authorized Person
STEVEN A. COHEN
By: /s/ Peter Nussbaum
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Name: Peter Nussbaum
Title: Authorized Person