Chaoda Modern Agriculture

Fund manager banned for two years

A former fund manager at Boston-based Fidelity Management & Research, who used inside information to trade in shares of Chaoda Modern Agriculture three years ago, has been banned from trading in the Hong Kong bourse for two years.

Thursday, 24 May, 2012, 12:00am

Auditors have resigned, Chaoda Holdings says

Controversy continues to dog Hong Kong-listed investment holding company Chaoda Modern Agriculture (Holdings), which issued a statement last night saying that its auditors had resigned because they were unable to complete their audit.

11 May 2012 - 12:00am

Chaoda Agriculture boss loses supply contract

Asian Citrus Holdings, the mainland orange grower that counts embattled farming company Chaoda Modern Agriculture as a major investor, has cancelled a key supply contract with Chaoda's chairman, Kwok Ho.

Hong Kong and London-listed Asian Citrus announced yesterday it would stop buying its fertilisers from Kwok, who is under government investigation for insider dealing.

11 Oct 2011 - 12:00am

Moody's lowers Chaoda rating

Moody's Investors Service yesterday downgraded the rating of Hong Kong-listed mainland farming firm Chaoda Modern Agriculture (Holdings) to Ba3 from Ba2.

The downgrade follows delays in the release of the firm's annual results announcement, which was due last Friday.

8 Oct 2011 - 12:00am

Unnamed bloggers uncover risky tales

Investors in Chinese firms have a new risk to grapple with.

Anonymous bloggers have begun posting research online alleging certain mainland companies are frauds.

6 Oct 2011 - 12:00am

Chaoda accused of insider trading

The chairman and finance director of embattled mainland vegetable producer Chaoda Modern Agriculture have been accused by the Hong Kong government of insider dealing.

30 Sep 2011 - 12:00am

Chaoda stock falls to two-year low

Shares in Chaoda Modern Agriculture fell to a two-year low yesterday as investors continued reacting nervously to a Hong Kong tabloid report claiming the fruit and vegetable producer has overstated the size of its land bank.

8 Jun 2011 - 12:00am

Chaoda hammered over new doubts

Shares in Chaoda Modern Agriculture plummeted by as much as 25 per cent yesterday as investors took fright over a Hong Kong tabloid article alleging the fruit and vegetable grower had overstated the size of its land bank.

In a brief stock exchange statement, Chaoda called the Next Magazine report 'factually inaccurate' and said it 'reserved the right' to take legal action.

27 May 2011 - 12:00am

Chaoda's new fund-raising plan prompts investors to dump stock

Shares in Chaoda Modern Agriculture (Holdings) fell 3.93 per cent yesterday after the Fuzhou farming company announced yet another fund-raising plan, this time to sell US$200 million in bonds.

28 Apr 2011 - 12:00am

Chaoda chairman makes US$136m share placement

The chairman of Chaoda Modern Agriculture (Holdings) offered up to US$136 million worth of his shares in the mainland's largest vegetable grower to institutional investors through a placement after the market closed yesterday, people familiar with the situation said.

21 Jun 2007 - 12:00am

Chaoda plot to plough a billion into farm land

The mainland's single largest vegetable producer, Chaoda Modern Agriculture (Holdings), is stepping up investment in its farm land after a 63.8 per cent rise in net earnings to 659.42 million yuan in the six months to December.

24 Mar 2005 - 12:00am

Chaoda up on continuing buy-back

Shares of Chaoda Modern Agriculture jumped 6.61 per cent on the back of the company's continuing share buy-back. The company yesterday said it had bought back 9.12 million shares for between HK$1.20 and HK$1.22 each.

7 Nov 2002 - 12:00am

Chaoda eyes large dollar borrowing

Chaoda Modern Agriculture (Holdings) is considering raising a large Hong Kong dollar loan to fund new projects in the mainland and overseas.

Chairman Kwok Ho refused to put a figure on any future borrowings but believes an agreement will be reached by the end of this month.

12 Dec 2001 - 12:00am

Chaoda Modern Agriculture (Holdings)

Mainland organic food producer Chaoda Modern Agriculture (Holdings), chaired by Kwok Ho, posted a 770 per cent increase in net profit to about 185.7 million yuan (HK$174 million) in the six months to December 31. Its turnover more than tripled over the same period in 1999 to 284.5 million yuan on the back of strong growth in sales, particularly in the domestic market.

21 Mar 2001 - 12:00am

Chaoda in top 100 bid

Chaoda Modern Agriculture (Holdings), the first mainland agricultural counter to list in Hong Kong, is vying for inclusion in Beijing's list of top 100 for the sector. 'We hope to be named No 1 of the top 100,' said chairman and president Kwok Ho, although he admitted that dozens of domestic competitors reported higher annual turnovers.

22 Feb 2001 - 12:00am