Asian Citrus, the largest orange plantation owner and operator in China, has said that it is 'not aware of any material damage' to its orange trees in the Hepu plantation despite Typhoon Kai-Tak, which hit the Hepu county of the Guangxi Zhuang Autonomous Region last week.
The group said it has implemented precautionary counter-measures, including wind breaks planted around the Hepu Plantation, designed to protect the orange trees inside the plantation from typhoons and other adverse weather conditions.
The share price lost 0.44% to 28.50p by 10:59.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
NR
-
The higher earners targeted for tax rises – and how they could be hit in Autumn BudgetFrozen income tax thresholds and the high cost of housing is squeezing many Britons, and their finances could suffer from further tax hikes aimed at the wealthy
-
Unloved alternative trusts are going cheap – should you buy?Opinion Alternative trusts like infrastructure and real estate funds are trading at huge discounts. Investors should take advantage, says Rupert Hargreaves
