| Business Summary | | Chai-Na-Ta
Corp.
is
engaged
in
the
growing,
processing
and
marketing
of
North
American
ginseng.
Ginseng,
a
woodland
plant
with
species
native
to
both
China
and
North
America,
is
prized
for
its
root
that
has
been
the
most
valuable
herb
in
Oriental
medicine
for
over
2,000
years.
The
vast
proportion
of
North
American
ginseng
is
farm
grown.
The
Company
had
1,415
acres
under
cultivation
as
of
November
30,
1999.
Also
at
that
date,
the
Company
had
three
wholly
owned
subsidiaries,
Chai-Na-Ta
Farms
Ltd.
(CNTF),
Chai-Na-Tai
International
Ltd.
(CNTI)
and
Unique
Formulation
Inc.
(UF). | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Chai-Na-Ta
Corp.,
together
with
its
subsidiaries,
is
engaged
in
the
growing,
processing
and
marketing
of
North
American
ginseng.
For
the
six
months
ended
6/30/01,
revenues
fell
31%
to
C$7.8
million.
Net
income
under
U.S.
GAAP
fell
96%
to
C$408
thousand.
Revenues
reflect
the
continued
difficult
condition
for
the
ginseng
industry,
and
the
Company's
change
of
sales
strategy.
Earnings
also
suffered
from
higher
interest
expense,
and
the
absence
of
C$11.7
million
in
restructuring
gains. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | William Zen | Chairman,
Pres, CEO | William Wong | CFO,
Sec. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|