Caravelle International (CACO) - 2022 Q4 - Annual Report

The CO-Tech Solution The CO-Tech business sector is developed based on the solid foundation of Caravelle's international shipping business. The CO-Tech business integrates international shipping with wood drying and carbon trading. Caravelle plans to conduct its COTech business through its subsidiary, Singapore Garden. In the fourth quarter of 2023, Caravelle expects to launch its CO-Tech business in wood desiccation, an important supply chain step in the wood industry. Some of the key steps of wood process ...