Traders Note: Chaoda Modern Agriculture HKG:0682 Strong Buy Affirmed. Shayne Heffernan has confirmed a strong buy on Chaoda Modern Agriculture HKG:0682.
After receiving a number of calls this week from analysts and stockholders in regards to Chaoda Modern Agriculture, I have done additional research to analyze my opinion issued on March 10 2011. (see opinion)
I am aware of some negative analysis from other houses, and am aware of the issue with their Auditors.
The Auditor issue is a non-issue.
Thursday, 2 Dec 2010
Chaoda Modern Agriculture (Holdings) Ltd announced that Grant Thornton (GTHK) has resigned as auditors of the Company with effect from December 2, 2010. The Board further announces that BDO Limited (BDO) has been appointed as auditors of the Company with effect from December 2, 2010 to fill the casual vacancy occasioned by the resignation of GTHK. The reason for the change of auditors is due to a merger of the practices of GTHK with that of BDO.
This is a growing International company