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Origin Agritech May Buy Back Stock After Drop, Sino-Forest

Origin Agritech Ltd., a producer of genetically modified seeds, may buy back its shares after they fell 57 percent this year amid concern among investors about Chinese companies that trade outside the country.

Origin’s shares are worth $6 to $7 each in the current “down market” and are “a good value,” Chief Financial Officer Irving Kau said yesterday in a telephone interview. Origin fell 37 cents, or 7.5 percent, to $4.57 as of 4:29 p.m. New York time on the Nasdaq stock market.