Type | Publicly-owned company |
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Industry | agricultural products |
Founded | 1997 |
Headquarters | Fuzhou, Fujian, People's Republic of China |
Area served | People's Republic of China |
Key people | Chairman: Mr. Kwok Ho |
Website | Chaoda Modern Agriculture (Holdings) Limited |
Chaoda Modern Agriculture (Holdings) Limited (SEHK: 682) (OTCBB: CMGHF) is a publicly owned company in the production and distribution of ecologically grown vegetables and other agricultural products. It is headquartered in Fuzhou, Fujian province, China.[1][2]
Chaoda was started in 1994 by Kwok Ho, after initial business interests with the People's Liberation Army.[3]
It was listed on the Hong Kong Stock Exchange in 2000.
During 2011 it has been the subject of various allegations of fraud and of insider trading by its executives, which have resulted in heavy falls in its share price.[4]
The company exports a huge variety of vegetables such as Bell Peppers/Paprika, Broccoli, Carrot, Cauliflower, Cherry Tomato, Chinese Cabbage, Chinese Radish, Choi Sum, Cucumber, Eggplant, Hot Peppers, Iceberg Lettuce, Loquat, Melon, Onion, Potato, Pumpkin, Sugar Snaps, Summer Squash, Sweet Corn, Sweet Potato, Tangerine, Watermelon and Welsh Onion.[5]
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