Agritech was the result of a 2005 reverse takeover, raising over US$70m between 2005 and 2009. The company was initially targetted by short-seller LM Research in February 2011, which prompted a share price collapse, and then by Bronte Capital a few weeks later. The company was repeatedly warned by its auditors that there were material weaknesses which undermined its disclosure controls. This led to the termination of its first auditor Crowe Horwath in 2010, and then its second auditor Ernst & Young (EY) in 2011. The company was then unable to produce financial results and had it listing cancelled in 2012. 

Last updated August 2021

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