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CHINA LESSO GROUP HOLDINGS LIMITED

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China Lesso : Chinese Tour President's Farm

12/27/2019 | 02:06am EDT

While Zimbabweans were enjoying Christmas on Wednesday, the First Family was busy at its Pricabe Farm in Sherwood on the outskirts of Kwekwe, hosting a Chinese delegation that wants to invest in the agriculture sector.

The delegation from the China Lesso Group is here at the invitation of First Lady Auxillia Mnangagwa following her recent visit to the Asian country.

The firm deals in agriculture, home equipment and PVC products and is interested in investing in irrigation technology.

Speaking to journalists during the tour of the farm where there are thriving maize and soya bean crops, the President said his family was playing its part in producing for the country.

"No, no I am not (getting my hands dirty). This is life. This is what God said in Genesis, idyai zveziya (enjoy the fruits of your sweat) and that is what we are doing," President Mnangagwa said.

"These (China Lesso Group) are some of the companies that she met in China who have come and have a bias towards agriculture and they are looking around to see the type of soils, the type of climate and the type of crops that we grow in Zimbabwe so that they can adjust their plans in order to invest in the agricultural field in Zimbabwe and I am saying we will offer them land and they can grow crops here both for domestic consumption as well as in the area of citrus fruits for exports."

In her remarks, the First Lady said it was her duty as a citizen to market the country to investors.

"When I went there, I was just representing Angel of Hope Foundation and they had invited me on the foundation issues," she said.

"But when I was there it changed to be a big project for Government and as a citizen I have been selling my country to them to come to Zimbabwe and do something with us. That's what you are seeing.

"But I must say I am most interested in what they said today that they are also prepared to train our farmers and to take them to China to get more experience there."

Head of delegation Mr Tang Hai Bo said there was room to improve the country's agricultural sector.

"We have already visited six farms, but I want to say there is a lot of scope for cooperation and there is a lot of potential for us to improve agriculture and also the training of Zimbabwean farmers," he said.

The delegation has visited farms in Harare, Mashonaland West, the Midlands and Matabeleland South.

Copyright The Herald. Distributed by AllAfrica Global Media (allAfrica.com)., source News Service English

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Sales 2021 33 518 M 5 189 M 5 189 M
Net income 2021 4 434 M 686 M 686 M
Net Debt 2021 6 721 M 1 040 M 1 040 M
P/E ratio 2021 9,69x
Yield 2021 3,39%
Capitalization 42 157 M 6 519 M 6 526 M
EV / Sales 2021 1,46x
EV / Sales 2022 1,22x
Nbr of Employees 16 300
Free-Float 31,3%
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Man Lun Zuo Chief Executive Officer & Executive Director
Luen Hei Wong Chairman
Kwok Ho Wong Independent Non-Executive Director
Zhi Gang Tao Independent Non-Executive Director
Fang Lan Independent Non-Executive Director