Xianlong Biotechnology Co. The joint venture will allow further development and sales of new varieties of corn for the Chinese market, said a stock exchange statement, adding it will also promote domestic biotech corn. Chinese seed company Yuan Longping has been working on a new type of genetically modified corn that is resistant to the herbicide Roundup. The joint venture, which will be called Xianlong Biotechnology, will also promote domestic biotech corn. The two firms are each contributing CNY50m ($7.9m) to the project.
Chinese seed company Yuan Longping has been working on a new type of genetically modified corn that is resistant to the herbicide Roundup. The joint venture, which will be called Xianlong Biotechnology, will also promote domestic biotech corn. The two firms are each contributing CNY50m ($7.9m) to the project.