Sino-Forest May Go Private, Seek Merg...

Sino-Forest May Go Private, Seek Merger as Martin Tries to Exit - Morass'

There are 4 comments on the Bloomberg story from Dec 7, 2011, titled Sino-Forest May Go Private, Seek Merger as Martin Tries to Exit - Morass'. In it, Bloomberg reports that:

A DHL Worldwide Express missed package slip sits on the door of Sino-Forest Corp.'s office in Mississauga, Ontario, Canada.

Join the discussion below, or Read more at Bloomberg.

Chinese timber company

Milton, Canada

#1 Dec 7, 2011
... that plunged 74 % this year after fraud allegations,

said going private is among the options under consideration

as it attempts to restore its finances and reputation ...

Toronto, Canada

#2 Dec 7, 2011

Since: Mar 08

United States

#3 Dec 8, 2011
Pretty much the same here.

Short sellers are attacking Chinese company with alleged fraud. Since investors here have little knowledge of these companies, so even when they are legit or "well respected", the allegation would send the stock plunging nevertheless, which translate to quick profit for the short sellers.

Since: Dec 11

Location hidden

#4 Dec 22, 2011
AN interesting perspective worth reading on the Chinese Fraud cases - SAIC vs SEC

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