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Sino-Forest Announces Resignation of Auditor
TORONTO, April 5, 2012 /PRNewswire/ - Sino-Forest Corporation ("Sino-Forest" or
the "Company") (TSX: TRE) announced today that Ernst & Young LLP
("E&Y") has notified the Company that it has resigned as the Company's
auditor effective April 4, 2012. In its resignation letter to the
Company, E&Y noted that the Company had not prepared December 31, 2011
consolidated financial statements for audit and that, in the Company's
March 30, 2012 filing under the Companies' Creditors Arrangement Act, Sino-Forest said that it remained unable to satisfactorily address
outstanding issues in relation to its 2011 annual financial statements.
Sino-Forest intends to issue a press release containing the information
required by ...
Sino-Forest Initiates Sale Solicitation Process
TORONTO, March 30, 2012 /PRNewswire/ - Sino-Forest Corporation ("Sino-Forest"
or the "Company") (TSX:TRE) announced today that a sale solicitation
process (the "Sale Process") has been initiated with respect to the
assets and operations of the Company and its subsidiaries.
Houlihan Lokey, financial advisor to Sino-Forest has commenced
solicitation of interest from prospective strategic or financial
parties interested in participating in the Sale Process.
A notice of commencement of the Sale Process (the "Notice") will be
published in The Globe & Mail and The Wall Street Journal seeking
expressions of interest in connection with a potential sale of
substantially all of the assets of the Company. The Notice was ...
Sino-Forest Stay Period under Companies' Creditors Arrangement Act extended
TORONTO, April 16, 2012 /PRNewswire/ - Sino-Forest Corporation ("Sino-Forest"
or the "Company") announced today that the Ontario Superior Court of
Justice (Commercial List) (the "Court") has granted the request by the
Company for an extension of the stay period granted under the Companies' Creditors Arrangement Act (the "CCAA") to June 1, 2012.
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Sino-Forest Announces Personnel Changes and Application to Enhance Powers of the CCAA Monitor
TORONTO, April 17, 2012 /PRNewswire/ - Sino-Forest Corporation ("Sino-Forest"
or the "Company") announced today certain personnel changes. The
Company also announced today its intention to apply to the court, in
the application commenced by the Company under the Companies' Creditors Arrangement Act on March 30, 2012 (the "CCAA Proceeding"), to enhance the powers of the
court-appointed Monitor, FTI Consulting Canada Inc.
Sino-Forest announced today that it has terminated the employment of
Alfred Hung, Vice President Corporate Planning and Banking of the
Company, George Ho, Vice President Finance of the Company and Simon
Yeung, Vice President Operations of Sino-Panel (Asia) Inc., a
subsidiary of the Company. The Company ...
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