SHE:002215

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Noposion Crop Science's Unit Faces 20 Million Yuan Lawsuit Over Plant Variety Infringement

Shenzhen Noposion Crop Science's (SHE:002215) unit, Yingjiang Wangyuemei Agriculture, faces an infringement lawsuit filed by Yunnan Meiming Agricultural at the Intermediate People's Court of Kunming, Yunnan Province, China, according to a Shenzhen bourse filing on Friday.Meiming Agricultural seeks 20 million yuan in compensation from Wangyuemei Agriculture for allegedly propagating and selling its new plant variety without its proper authorization.The Chinese herbicides and insecticides maker's shares dropped 4% at the close.

SHE:002215

Asia56d ago

Shenzhen Noposion Crop Science Subsidiaries Face 36-Million-Yuan Plant Variety Rights Lawsuits

Shenzhen Noposion Crop Science (SHE:002215) said its subsidiary holding companies have been sued for over 36 million yuan by Yunnan Meiming Agriculture for alleged infringement of plant new variety rights involving blueberries.Claims across two cases seek 25.2 million yuan and 11.1 million yuan, according to a Friday filing with the Shenzhen bourse.The cases have been scheduled for hearing in the Kunming Intermediate People's Court.Shares of the herbicides and insecticides maker closed 5% lower Friday.

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