Beijing, China
April 26, 2013
Agria Corporation (NYSE: GRO) (the "Company" or "Agria") today announced that it has regained compliance with the minimum share price criteria required by the New York Stock Exchange ("NYSE") for continued listing of the Company's American depositary shares.
As previously disclosed, the Company received a notice from the NYSE on July 17, 2012 that the Company was not in compliance with the NYSE continued listing standard requiring a listed security to maintain a minimum average closing price of US$1.00 per share over a consecutive 30-trading-day period. The NYSE noted that the minimum average closing price was the only listing criteria the Company was not in compliance with. On April 25 2013, the Company received confirmation from the NYSE that it had regained compliance with continued listing standards after its average closing ADS price for the 30 trading days ended April 24, 2013 exceeded US$1.00.
Mr. Alan Lai, Agria's Executive Chairman of the Board, commented, "We are happy to announce that Agria has regained compliance with the NYSE's continued listing standards and appreciate the assistance that we have received from the NYSE staff in reaching this goal."
Agria Corporation (NYSE: GRO) is an international agricultural company with operations in China, South America, New Zealand and Australia. Agria operates three principal business lines: China seeds, international seeds and agriservices. In China, Agria engages in research and development, production and sale of seed products, including proprietary field corn seeds, edible corn seeds, vegetable seeds, grass seeds and forage. Agria owns through Agria Asia a 50.22% equity interest in PGG Wrightson Limited, New Zealand's largest forage and agricultural services company.
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