Sino-Forest Corporation

Ontario watchdog accuses logging bosses of fraud

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.

Thursday, 24 May, 2012, 12:00am

Report rejects Sino-Forest fraud claims

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 report refuting the allegations.

16 Nov 2011 - 12:00am

Greenheart shares go in the red

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 investors shrugged off its attempts to distance itself from its scandal-ridden parent.

28 Sep 2011 - 12:00am

Canadian investors go short on China

In the wake of the Sino-Forest scandal, investors are punishing more Canadian-listed Chinese companies.

15 Sep 2011 - 12:00am

Distant forests hide shady deals

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.

9 Sep 2011 - 12:00am

From triumph to adversity

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 forestry company by market value on the Toronto Stock Exchange.

1 Sep 2011 - 12:00am

Sino-Forest shares plunge as fraud report delayed

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 Toronto-listed firm plunged 8.4 per cent, closing at C$6.09 (HK$48.11) a share.

17 Aug 2011 - 12:00am

Paulson dumps Sino-Forest at huge loss

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 firm Sino-Forest, nursing massive losses.

22 Jun 2011 - 12:00am

Fraud claims pulp Greenheart stock

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.

9 Jun 2011 - 12:00am

Sino-Forest shares crash after accusation it lied about assets

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 collapsed after a short-seller accused the company of inflating assets.

4 Jun 2011 - 12:00am

China Grand Forestry plans HK$1.3b share placement

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.

4 Sep 2007 - 12:00am

Bond issue to pay for Anhui land

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 Anhui province, according to Moody's Investors Service.

9 Apr 2005 - 12:00am

Sino-Forest seeks a HK listing to tap investment from the region

Sino-Forest, a Toronto-listed China-based tree planter, is eyeing a Hong Kong listing to attract Asian investors.

Chairman Allen Chan Tak-yuen said the global trend towards banning or controlling logging, coupled with China's growing demand for wood, generated good opportunities.

20 Feb 2003 - 12:00am