Type | Publicly owned company |
---|---|
SEHK: 682 | |
Industry | agricultural products |
Founded | 1997 |
Headquarters | , |
Area served | People's Republic of China |
Key people | Mr. Kwok Ho (CEO) |
Website | www |
Chaoda Modern Agriculture (Holdings) Limited 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.
It was listed on the OTCQB Markets and remains Current and Filing. [4]
During 2011, it was the subject of various allegations of fraud and of insider trading by its executives, which have resulted in heavy falls in its share price. [5] [6] In the beginning of February 2015 Chaoda started to trade again at the SEHK.
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. [7]
Vegetable farming is the growing of vegetables for human consumption. The practice probably started in several parts of the world over ten thousand years ago, with families growing vegetables for their own consumption or to trade locally. At first manual labour was used but in time livestock were domesticated and the ground could be turned by the plough. More recently, mechanisation has revolutionised vegetable farming with nearly all processes being able to be performed by machine. Specialist producers grow the particular crops that do well in their locality. New methods—such as aquaponics, raised beds and cultivation under glass—are used. Marketing can be done locally in farmer's markets, traditional markets or pick-your-own operations, or farmers can contract their whole crops to wholesalers, canners or retailers.
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