1/9/2021 Joseph Calata - Wikipedia

Joseph Calata
Joseph Calata(born July 31, 1980) is a Filipino businessman. He served as the Chairman/President
and Chief Executive Officer of Calata Corporation.[1] It was at one point one of the largest combined
distributor of agro-chemicals fertilizers, and seeds in the Philippines until its trading was
suspended by the Philippine Security Exchange in 2017.[2]

At age 31, was thought to be a self-made billionaire following his company's initial public offering
(IPO) in the Philippine Stock Exchange (PSE).[3] He was thought to be the youngest chairman of a
publicly listed company in the PSE until the company's collapse.[4]

Contents
Business beginnings
Early years
Calata Corporation
Controversy
References

Business beginnings
In 2001, shortly after graduating with a degree of Bachelor of Science in Commerce, Major in
Management of Financial Institutions from the De La Salle University, Calata joined J. Melvin's
Trading, a small poultry feed retail store located in their hometown of Plaridel, Bulacan.

During his early leadership, he introduced computerized innovations in their business such as
adding accounting and inventory system. Through his efforts and aggressiveness, the company
added more retail branches. Joseph has become well known in the business industry after steering
his Calata Corporation to steady growth and to become the largest distributor of agricultural
products such as fertilizers, seeds, chemical and veterinary medicine in the country.

Early years
Joseph Calata was born and raised in Plaridel, Bulacan.[5] He is the second son of four siblings of
Eusebio and Isabel. His parents were middle-income business folks contented in running their
small retail store. He attended a Catholic school for boys in Bulacan before taking up a business
course at the De La Salle University. While still in college, he already joined a multi-level marketing
or MLM that promote food supplements and multivitamins. Soon after graduation, Joseph opted to
work on their small mom-and-pop store with a vision to grow the business and provide innovations
in the agricultural industry.[6]

Calata Corporation
The simple poultry retail store has become one of the giants in the agricultural industry. From
purchasing its first company computer in 2001, to hiring their first salesman in 2002, the
company's revenue grew to PHP 200 million in 2003. It was in 2006 when the company achieved
its first billion in sales. In 2012, the company's revenue rose to as high as PHP2.2 billion paving the
way for Calata Corporation's to gain entry to the Philippine Stock Exchange.

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During the company's initial public offering on May 23, 2012, Calata Corporation's market
capitalization was PHP 2.7 billion. Calata Corp's stock price started at PHP 7.50 per share that day
and even rose to PHP 23.95 per share before dropping to 11.2% lower than its initial price offering.

On Nov 8, 2015, Calata Corporation achieved a Guinness World Record on the largest serving of
roast pork [7] beating Mexico's record. Held at the Liwasang Aurora, Quezon City Memorial Circle,
this event also served as celebratory feast and an early Christmas treat for the less privileged
residents of Metro Manila, as part of the company's 16th anniversary. This event was also the
launching of a new business segment of Calata Corporation's meat business.[8]

Controversy
On June 30, 2017, the Philippine Stock Exchange ordered a suspension in the trading of Calata
corp shares citing disclosure violations.[9] On Dec 11 of the same year, Calata Corp was delisted by
the PSE, a little over five years from its initial public offering.[10] The involuntary delisting was
made after the company was found to have incurred multiple violations of disclosure rules having
failed to disclose numerous trade transactions over shares held by its officer. In January 2019, the
Securities and Exchange Commission (SEC) upheld the PSE's delist order.[11] The affirmation also
entails perpetually banning Joseph Calata from being a director of any listed company.

References
1. "List of Public Companies Worldwide, Letter - Businessweek -
Businessweek". Businessweek.com. Retrieved 2016-01-29.
2. Dumlao-Abadilla, Doris (2019-01-22). "SEC upholds removal of Calata from PSE
roster". INQUIRER.net. Retrieved 2020-09-21.
3. "Joseph Calata: Self-made billionaire at 31". Inquirer Lifestyle. 2012-05-19.
Retrieved 2020-09-21.
4. Enriquez, Marge C. "Joseph Calata: Self-made billionaire at 31". lifestyle.inquirer.net.
Retrieved 2016-01-29.
5. "COCKTALES: Bulacan backyard breeds youngest billionaire". InterAksyon.com. Archived
from the original on 2016-02-02. Retrieved 2016-01-29.
6. "Joseph Calata: The Seeds and Feeds of Success | Cover Story, People Asia Sections, People
Asia | philstar.com". www.philstar.com. Retrieved 2016-01-29.
7. "GALLERY: A mountain of lechon is world's largest serving of roast pork". GMA News Online.
Retrieved 2016-01-29.
8. "Largest serving of roast pork". Guinness World Records. Retrieved 2016-01-29.
9. "Trading of Calata suspended". Inquirer.Net. Retrieved 2019-01-22.
10. "Calata delisting on Dec. 11". Inquirer.Net. Retrieved 2019-01-22.
11. "SEC affirms PSE order delisting Calata Corp". Philstar Global. Retrieved 2019-01-22.

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