The Ontario Securities Commission (OSC) has charged Sino-Forest Corporation and some of its former top executives with fraud involving Hong Kong-listed Greenheart Group.
- Mon
- May 20, 2013
- Updated: 9:02pm
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A committee tasked to review the books of Sino-Forest, which claims to be China's biggest logging firm, but is accused by a short-seller as a 'near total fraud', has issued a second interim...
Greenheart Group, the Hong Kong-listed unit of beleaguered logging company Sino-Forest, lost a third of its value yesterday after a trading halt on its shares was lifted and...
In the wake of the Sino-Forest scandal, investors are punishing more Canadian-listed Chinese companies.
The deeper one looks into Sino-Forest Corp, the Toronto-listed Chinese logging firm that has been engulfed by allegations of fraud, the more questions emerge.
As recently as June 1 this year, Hong Kong native Allen Chan Tak-yuen was sitting pretty at the helm of Sino-Forest, a mainland timber supplier he founded in 1992 that grew to become the largest...
Shares of Sino-Forest Corporation have continued to plummet since Monday after the mainland-based timber supplier said it would delay releasing findings of an internal review. On Monday, the...
John Paulson, the US hedge fund supremo who racked up multibillion-dollar gains in 2007 and 2008 from predicting the subprime mortgage meltdown, has retreated from his investment in Chinese timber...
Shares of Greenheart Group, the Hong Kong-listed subsidiary of embattled mainland timber company Sino-Forest, were dragged down yesterday by fraud allegations against its parent.
Shares in Sino-Forest, a mainland timber firm boasting US hedge fund Paulson & Co as its largest investor and former Hutchison Whampoa chief Simon Murray as independent director, have...
China Grand Forestry Resources, an apparel maker-turned-timber company, hopes to raise as much as HK$1.32 billion from a share placement, according to the term sheet.
Newly established holding company Mandra Forestry Holdings plans to sell US$235 million worth of high-yield bonds to pay for an acquisition of up to 270,000 hectares of commercial plantations in...
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