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Re: Sino-Forest Corporation � When Is An Indemnity Claim Really Just An Equity ...
When public companies are accused of accounting irregularities, class action shareholder litigation often follows. The case of Sino-Forest Corporation ("SFC") is such an example. Weighed down by allegations of accounting irregularities and the class ...
IPO-Seeking China Companies Pay More to Avoid Boards Going Naked
In 2010, short sellers including Carson Block, who runs Muddy Waters LLC, began targeting Chinese companies listed in the U.S. and Canada such as Rino International Corp.
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Ambow setback teaches Baring a lesson in China investing
The likes of Sino Forest Corp. and Longtop Financial Technologies Ltd. gained notoriety for fraudulent reporting and asset stripping.
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Buying Emerging Markets From Home
John Paulson lost an estimated $500 million in his hedge funds through an investment in Sino Forest, a Chinese lumber company that on closer inspection appeared to be harvesting trees on property it did not own. Running a Ponzi scheme such as this one ...
Here be dragons: Anthony Bolton
Meanwhile, ChinaCast Education, a Nasdaq-listed provider of higher education, has accused its former chief executive, Ron Chan, of refusing to hand over the company �chops�. These are the intricate seals that are .... John Paulson, the US hedge fund ...
Short Seller Seeks Valley 'Pretenders'
An attack on Chinese forestry company Sino-Forest Corp. in 2011 by Muddy Waters made him famous, but the short-selling firm's last three major opinions failed to leave a lasting impact on the share prices of the targeted companies.
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Cayman Islands-owned Mangakahia Forest lists harvest by 60%
May 28 (BusinessDesk) - Greenheart NZ Forestry, the Northland forester whose ultimate owner shifted from failed Sino-Forest Corp to a Cayman Islands based company this year, has lifted its annual harvest by 60 percent and sales by 35 percent, its 2012 ...
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Don't just accept received wisdom about China, urges Artemis
Furthermore, Edelsten reckoned that the worst corporate offenders were those listed overseas. One egregious recent case related to the Sino-Forest Corporation, for instance, which traded on the Toronto Stock Exchange. 'We have taken the stance that ...
Subprime Billionaire Bets on New Home Construction
His fund has since seen enjoyed a less than stellar performance following dismal trades in Bank of American, Citigroup and Sino-Forest Corporation. Paulson is now betting that the housing market could once again serve to bolster his fortunes. William ...
Muddy Waters to Jupiter Seek Profit as Risk Rises: China Credit
Hedge fund manager John Paulson sold his Sino-Forest Corp. stake at a loss after Block accused the company of overstating its plantation assets.
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