British Virgin
Islands
|
Not
Applicable
|
|
(State
or other jurisdiction of
|
(I.R.S. Employer
|
|
incorporation
or organization)
|
Identification
No.)
|
Title of each class of
securities to be registered (1)
|
Amount to be
Registered
|
Proposed Maximum
Aggregate Price
Per Unit (2)
|
Proposed Maximum
Aggregate Offering
Price (3)
|
Amount of
Registration Fee
|
||||||||||||
Ordinary
Shares, no par value
|
(1) | |||||||||||||||
Warrants
|
(1) | |||||||||||||||
Preferred
Shares
|
(1) | |||||||||||||||
Debt
Securities
|
(1) | |||||||||||||||
Units
|
(1) | |||||||||||||||
Total
|
$ | 150,000,000 | $ | 10,695.00 |
(1)
|
There
are being registered hereunder such indeterminate number of ordinary
shares, such indeterminate number of warrants to purchase ordinary shares,
such indeterminate number of shares of preferred shares, such
indeterminate number of units, and such indeterminate principal amount of
debt securities as shall have an aggregate initial offering price not to
exceed $150,000,000. If any debt securities are issued at an original
issue discount, then the offering price of such debt securities shall be
in such greater principal amount at maturity as shall result in an
aggregate offering price not to exceed $150,000,000, less the aggregate
dollar amount of all securities previously issued hereunder. Any
securities registered hereunder may be sold separately or as units with
other securities registered hereunder. The securities registered also
include such indeterminate number of ordinary shares and amount of debt
securities as may be issued upon the conversion of or exchange for debt
securities that provide for conversion or exchange, upon the exercise of
warrants or pursuant to the anti-dilution provisions of any such
securities. In addition, pursuant to Rule 416 under the Securities
Act of 1933, as amended (the “Securities Act”), the securities being
registered hereunder include such indeterminate number of ordinary shares
as may be issuable with respect to the shares being registered hereunder
as a result of stock splits, stock dividends or similar anti-dilutive
transactions.
|
|
(2)
|
The
proposed maximum aggregate price per class of security will be determined
from time to time by the Registrant in connection with the issuance by the
Registrant of securities registered hereunder and is not specified as to
each class of security pursuant to General II.C. of Form F-3 under the
Securities Act.
|
|
(3)
|
Estimated
solely for purposes of calculating the registration fee pursuant to Rule
457(o) under the Securities
Act.
|
Page
|
|||
Business
Description
|
1 | ||
Risk
Factors
|
2 | ||
Special
Note Regarding Forward –Looking Statements
|
2 | ||
Use
of Proceeds
|
3 | ||
Ratio
of Earnings to Fixed Charges
|
3 | ||
Capitalization
|
4 | ||
Description
of Share Capital
|
4 | ||
Description
of Warrants
|
4 | ||
Description
of Debt Securities
|
6 | ||
Description
of Units
|
8 | ||
Plan
of Distribution
|
9 | ||
Legal
Matters
|
11 | ||
Experts
|
11 | ||
Where
You Can Find More Information
|
12 | ||
Information
Incorporated Reference
|
12 | ||
Enforcement
of Civil Liabilities
|
13 |
|
●
|
the
information contained in or incorporated by reference into this
prospectus;
|
|
●
|
the
information contained in or incorporated by reference into any prospectus
supplement relating to specific offerings of
securities;
|
|
●
|
the
risks described in our Annual Report on Form 20-F for our most recent
fiscal year, which are incorporated by reference into this prospectus;
and
|
|
●
|
other
risks and other information that may be contained in, or incorporated by
reference from, other filings we make with the SEC, including in any
prospectus supplement relating to specific offerings of
securities.
|
|
●
|
our
goals and strategies, including how we implement our goals and
strategies;
|
|
●
|
our
expectations for our future business and product development, business
prospects, results of business operations and current financial
condition;
|
|
●
|
expected
changes in our margins and certain costs or
expenditures;
|
|
●
|
our
future pricing strategies or pricing
policies;
|
|
●
|
our
ability to successfully anticipate market demand for crop seeds in our
market and plan our volume and product
mix;
|
|
●
|
our
plans for development of seed or technology internally, including our
ability to successfully develop, produce, receive approval for and
distribute proprietary seed
products;
|
|
●
|
our
expectations regarding our need to produce seeds and other bio-technology
under licenses from third parties;
|
|
●
|
the
future development of agricultural biotechnology as a whole and the impact
of genetically modified crop seeds in our
industry;
|
|
●
|
the
scope and impact of the policies and regulations regarding genetically
modified seed products in China, and our ability to apply for and receive
necessary approvals and to develop, produce, market and distribute
genetically modified crop seeds;
|
|
●
|
our
plans to license or co-develop any seed product or
technology;
|
|
●
|
our
plans regarding any future business combination or business
acquisition;
|
|
●
|
Chinese
and other international governmental policies and regulations relating to
the crop seed industry;
|
|
●
|
our
plans to expand our business level and/or corporate level operations and
product offerings;
|
|
●
|
the
likelihood of recurrence of accounting charges or
impairments;
|
|
●
|
expected
changes in our sources of revenue from our business operations or other
sources;
|
|
●
|
competition
in the crop seed industry in China and other international
markets;
|
|
●
|
the
future development of the crop seed industry in China and other
international markets;
|
|
●
|
our
plans for current staffing requirements, research and development and
regional business focus;
|
|
●
|
our
ability to successfully raise capital to accommodate growing company needs
under acceptable terms and at reasonable cost;
and
|
|
●
|
the
adequacy of our facilities for our future
operations.
|
Year ended
September 30,
|
Year ended
Dec 31
|
|||||||||||||||||||
2009
|
2008
|
2007
|
2006*
|
2005**
|
||||||||||||||||
Ratio
of earnings to fixed charges
|
0.45 | N/A | N/A | 13.99 | 8.16 |
|
●
|
receive
dividends if and when declared by the board of directors;
and
|
|
●
|
share
ratably in any distribution of our assets upon liquidation, dissolution or
winding-up, after satisfaction of all debts and other
liabilities.
|
|
•
|
the
offering price, if any;
|
|
•
|
the
designation and terms of the ordinary shares or preferred shares
purchasable upon exercise of the
warrants;
|
|
•
|
if
applicable, the date on and after which the warrants and the related
offered securities will be separately
transferable;
|
|
•
|
the
number of ordinary shares or preferred shares purchasable upon exercise of
one warrant and the initial price at which the shares may be purchased
upon exercise;
|
|
•
|
the
date on which the right to exercise the warrants will commence and
expire;
|
|
•
|
a
discussion of certain United States Federal income tax considerations, if
any;
|
|
•
|
the
call provisions, if any;
|
|
•
|
the
currency, currencies or currency units in which the offering price, if
any, and exercise price are
payable;
|
|
•
|
any
antidilution provisions of the warrants;
and
|
|
•
|
any
other terms of the warrants.
|
|
·
|
title
and ranking;
|
|
·
|
the
aggregate principal amount and any limit on such
amount;
|
|
·
|
the
price at which such debt securities will be
issued;
|
|
·
|
the
date on which the debt securities
mature;
|
|
·
|
the
fixed or variable interest rate which the debt securities will bear, or
the method by which the interest rate shall be
determined;
|
|
·
|
the
timing, place and manner of making principal, interest and any premium
payments on the debt securities, and, if applicable, where such debt
securities may be surrendered for registration of transfer or
exchange;
|
|
·
|
the
date or dates, if any, after which the debt securities may be converted or
exchanged into or for shares of our common stock or securities or
properties or cash and the terms of any such conversion or
exchange;
|
|
·
|
any
redemption or early repayment
provisions;
|
|
·
|
any
sinking fund or similar provisions;
|
|
·
|
the
authorized denominations;
|
|
·
|
any
applicable subordination
provisions;
|
|
·
|
any
guarantees of such securities by our subsidiaries or
others;
|
|
·
|
the
currency in which we will pay the principal, interest and any premium
payments on such debt securities;
|
|
·
|
whether
the amount of payments of principal of (and premium, if any) or interest,
if any, on the debt securities may be determined with reference to an
index, formula or other method and the manner in which such amounts shall
be determined;
|
|
·
|
the
time period within which, the manner in which and the terms and conditions
upon which the purchaser of the securities can select the payment
currency;
|
|
·
|
the provisions, if any, granting
special rights to the holders of debt securities upon certain
events;
|
|
·
|
any additions to or changes in
the events of default or covenants with respect to the debt securities and
any change in the right of the trustee or the holders to declare the
principal, premium and interest with respect to such securities to be due
and payable;
|
|
·
|
whether and under what
circumstances we will pay any additional amounts on such debt securities
for any tax, assessment or governmental charge and, if so, whether we will
have the option to redeem such debt securities instead of paying such
amounts;
|
|
·
|
the date of any global security,
if other than the date of original issuance of the first security of the
series to be issued;
|
|
·
|
the person to whom and manner in
which any interest shall be
payable;
|
|
·
|
whether such securities will be
issued in whole or in part in the form of one or more global
securities;
|
|
·
|
the identity of the depositary
for global securities;
|
|
·
|
whether a temporary security is
to be issued with respect to such series and whether any interest payable
prior to the issuance of definitive securities of the series will be
credited to the account of the persons entitled
thereto;
|
|
·
|
the terms upon which beneficial
interests in a temporary global security may be exchanged in whole or in
part for beneficial interests in a definitive global security or for
individual definitive securities and the terms upon which such exchanges
may be made;
|
|
·
|
the securities exchange(s), if
any, on which the securities will be
listed;
|
|
·
|
whether any underwriter(s) will
act as market maker(s) for the
securities;
|
|
·
|
the form (certificated or
book-entry);
|
|
·
|
the form and/or terms of
certificates, documents or conditions which may be necessary, if any, for
the debt securities to be issuable in final form;
and
|
|
·
|
the
registration requirements with PRC regulatory bodies, including SAFE, for
the inflow and outflow of funds from the sale of debt securities and
payment of principal, interest and other
obligations.
|
|
•
|
the
designation and terms of the units and of the securities comprising the
units, including whether and under what circumstances those securities may
be held or transferred separately;
|
|
•
|
any
provisions of the governing unit agreement that differ from those
described below; and
|
|
•
|
any
provisions for the issuance, payment, settlement, transfer or exchange of
the units or of the securities comprising the
units.
|
|
•
|
through
agents;
|
|
•
|
to
or through underwriters;
|
|
•
|
through
dealers;
|
|
•
|
directly
to purchasers; or
|
|
•
|
through
remarketing firms.
|
|
•
|
the
name or names of any underwriters, dealers or
agents;
|
|
•
|
the
purchase price of the offered securities and the proceeds to us from such
sale;
|
|
•
|
any
underwriting discounts and commissions or agency fees and other items
constituting underwriters’ or agents’
compensation;
|
|
•
|
any
initial public offering price and any discounts or concessions allowed or
re-allowed or paid to dealers; and
|
|
•
|
any
securities exchange on which such offered securities may be
listed.
|
SEC
registration fee
|
$
|
10,695
|
||
Legal
fees and expenses
|
$
|
50,000
|
||
Accounting
fees and expenses
|
$
|
10,000
|
||
Total
|
$
|
70,695
|
|
•
|
our
Annual Report on Form 20-F for the fiscal year ended September 30, 2009,
filed on January 14, 2010; and
|
|
•
|
the
description of the Ordinary Shares contained in our Registration Statement
on Form 8-A, filed on October 18, 2005 (SEC File No. 000-51576), and any
other amendment or report filed for the purpose of updating such
description.
|
|
●
|
political
and economic stability;
|
|
●
|
an
effective judicial system;
|
|
●
|
a
favorable tax system;
|
|
●
|
the
absence of exchange control or currency restrictions;
and
|
|
●
|
the
availability of professional and support
services.
|
●
|
the
British Virgin Islands has a less developed body of securities laws as
compared to the United
States and provides significantly less protection to investors;
and
|
●
|
British
Virgin Islands companies may not have standing to sue before the federal
courts of
the United States.
|
Exhibit No.
|
Description
|
|
1.1
|
Form
of Underwriting Agreement*
|
|
3.1
|
Memorandum
and Articles of Association of Origin Agritech Limited1
|
|
3.2
|
Amendment
to Memorandum and Articles of Association of Origin Agritech Limited to
reflect the terms of Preferred Shares*
|
|
4.1
|
Form
of Warrant*
|
|
4.2
|
Form
of Indenture*
|
|
4.3
|
Form
of Unit Agreement*
|
|
5.1
|
Opinion
of Maples and Calder**
|
|
12.1
|
Statements
Re: Computation of Ratio of Earnings to Fixed Charges**
|
|
23.1
|
Consent
of Maples and Calder (included in Exhibit 5.1)**
|
|
23.2
|
Consent
of BDO Limited**
|
|
24.1
|
Power
of Attorney (included as part of the signature page of this Registration
Statement).
|
*
|
To
be filed, if necessary, subsequent to the effectiveness of this
registration statement by an amendment to this registration statement or
incorporated by reference pursuant to a report on Form 6-K in connection
with the offering of securities.
|
**
|
Filed
herewith.
|
1
|
Incorporated
by reference to Exhibit 1.1 of our Annual Report 20-F (File No. 000-51576
) filed with the Securities and Exchange Commission on July 14,
2006.
|
ORIGIN
AGRITECH LIMITED.
|
||
By:
|
/s/ Liang Yuan
|
|
Liang
Yuan
|
||
Chief
Executive Officer
|
Signature
|
Title
|
Date
|
||
/s/ Liang Yuan
|
President,
Chief Executive Officer and
|
April
19, 2010
|
||
Liang
Yuan
|
Director
(Principal Executive Officer)
|
|||
|
|
|||
/s/ Irving Kau
|
Acting
Chief Financial Officer (Principal
|
April
19, 2010
|
||
Irving
Kau
|
Financial
Officer and Authorized
Representative
in the United States)
|
|||
|
||||
/s/ Gengchen Han
|
Chairman
of the Board
|
April
19, 2010
|
||
Gengchen
Han
|
||||
/s/ Yasheng Yang
|
Vice
Chairman of the Board
|
April
19, 2010
|
||
Yasheng
Yang
|
||||
|
||||
/s/ Bailiang Zhang
|
Director
|
April
19, 2010
|
||
Bailiang
Zhang
|
||||
/s/ James Kang
|
Director
|
April
19, 2010
|
||
James
Kang
|
||||
/s/ Min Tang
|
Director
|
April
19, 2010
|
||
Min
Tang
|
||||
/s/ Yingqi Xia
|
Director
|
April
19, 2010
|
||
Yingqi
Xia
|
/s/ Michael W. Trimble
|
Director
|
April
19, 2010
|
||
Michael
W. Trimble
|
||||
/s/ Remo Richli
|
Director
|
April
19, 2010
|
||
Remo
Richli
|
Exhibit No.
|
Description
|
|
1.1
|
Form
of Underwriting Agreement*
|
|
3.1
|
Memorandum
and Articles of Association of Origin Agritech Limited1
|
|
3.2
|
Amendment
to Memorandum and Articles of Association of Origin Agritech Limited to
reflect the terms of Preferred Shares*
|
|
4.2
|
Form
of Indenture*
|
|
4.3
|
Form
of Unit Agreement*
|
|
5.1
|
Opinion
of Maples and Calder**
|
|
12.1
|
Statements
Re: Computation of Ratio of Earnings to Fixed Charges**
|
|
23.1
|
Consent
of Maples and Calder (included in Exhibit 5.1)**
|
|
23.2
|
Consent
of BDO Limited**
|
|
24.1
|
Power
of Attorney (included as part of the signature page of this Registration
Statement).
|
*
|
To
be filed, if necessary, subsequent to the effectiveness of this
registration statement by an amendment to this registration statement or
incorporated by reference pursuant to a report on Form 6-K in connection
with the offering of securities.
|
**
|
Filed
herewith.
|
1
|
Incorporated
by reference to Exhibit 1.1 of our Annual Report 20-F (File No. 000-51576
) filed with the Securities and Exchange Commission on July 14,
2006.
|