Sino-Forest runs its business through 58 holding companies incorporated in the British Virgin Islands.
FORBES: Chinese Stock Alarm? Sino-Forest May Be the Best of the Bunch
Sino-Forest has denied charges, but its defense has been tardy and, to date, unconvincing.
Yes, Muddy Waters has a short position in Sino-Forest, and thus it is talking its book.
If you want to invest in China, Sino-Forest appears (or appeared) to be among your best bets.
FORBES: Chinese Stock Alarm? Sino-Forest May Be the Best of the Bunch
Sino-Forest tumbled in June after Carson Block, a short seller, said the company exaggerated its timber holdings.
FORBES: Sino-Forest Eyes 'All Options' For Shareholders, But Doubts Persist
Sino-Forest uses informal leasing agreements with government forestry agencies rather than clearly defined legal arrangements based on legislative mandates.
FORBES: Chinese Stock Alarm? Sino-Forest May Be the Best of the Bunch
Chinese regional forestry officials asked Sino-Forest to keep leasing and sales agreements confidential.
FORBES: Chinese Stock Alarm? Sino-Forest May Be the Best of the Bunch
In the case of Sino-Forest, its shares in Toronto were suspended in August as regulators began to probe its disputed accounts.
FORBES: Sino-Forest Eyes 'All Options' For Shareholders, But Doubts Persist
Sino-Forest is a Wholly-Owned Foreign Enterprise that harvests, processes, and sells wood from leased or owned tree plantations in various Chinese provinces.
FORBES: Chinese Stock Alarm? Sino-Forest May Be the Best of the Bunch
One of the most popularly reported fraud cases involving a Chinese company was timberland firm Sino-Forest, traded on the Toronto Stock Exchange.
FORBES: For PricewaterhouseCoopers, China Accounting Scandals Not A Game Changer
In 2011, a number of institutional investors criticized Sino-Forest for not following globally recognized best practices when it comes to corporate governance.
Paulson has taken major losses on his investments in financials like Citigroup and Bank of America, and separately in Sino-Forest.
Instead of written contracts enforceable in a recognized court of law, Sino-Forest operates on the basis of personal relationships, cultivated by its senior management.
FORBES: Chinese Stock Alarm? Sino-Forest May Be the Best of the Bunch
Citron is treading the same path as short-seller Muddy Waters, which scored a bullseye in exposing fraud at Toronto-listed Sino-Forest, and more mixed results elsewhere.
FORBES: Chinese Property Developer Evergrande Slumps After Website Claims Fraud
Chinese officials will also take home a lesson from Sino-Forest.
FORBES: Chinese Stock Alarm? Sino-Forest May Be the Best of the Bunch
Sino-Forest management introduced a person to auditors as the vice-chief of the forestry bureau of Hunan province, who was no longer in that position but was a paid consultant.
FORBES: Chinese Stock Alarm? Sino-Forest May Be the Best of the Bunch
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