Sino-Forest Corporation
Cosimo Borrelli v Allen Chan Tak Yuen
HK Court of First Instance, 9-Jan-2015
The trustee of the Sino Forest Corp Litigation Trust pursues US$6.5m which Allen Chan, former CEO, transferred to his 2 daughters and companion, a week after the Muddy Waters report on Sino Forest, allegedly to put his assets beyond reach.
HK Court of First Instance, 9-Jan-2015
The trustee of the Sino Forest Corp Litigation Trust pursues US$6.5m which Allen Chan, former CEO, transferred to his 2 daughters and companion, a week after the Muddy Waters report on Sino Forest, allegedly to put his assets beyond reach.
Takeovers Panel rules offer for Greenheart (0094) will be triggered by Sino-Forest restructuring
SFC, 1-Feb-2013
SFC, 1-Feb-2013
Sino-Forest: customers owing US$568.6m have ceased to exist by "improper" deregistration
Company announcement, 31-Jul-2012
Company announcement, 31-Jul-2012
Notice of hearing and allegations against directors of Sino-Forest
Ontario Securities Commission, 22-May-2012
Ontario Securities Commission, 22-May-2012
Order against Sino-Forest
Ontario Securities Commission, 26-Aug-2011
It turns out that a temporary order cannot include an order that directors resign, so the OSC had to U-turn and remove that part of its order. The order refers to apparent "significant non-arm's length transactions" which may have breached Ontario law, and possible misrepresentation of revenue and/or exaggeration of timber holdings.
Ontario Securities Commission, 26-Aug-2011
It turns out that a temporary order cannot include an order that directors resign, so the OSC had to U-turn and remove that part of its order. The order refers to apparent "significant non-arm's length transactions" which may have breached Ontario law, and possible misrepresentation of revenue and/or exaggeration of timber holdings.
Sino-Forest increases stake in Omnicorp (0094); Asia Resources Fund subscribes convertible note
Company announcement, 22-Jun-2010
The CN Subscriber is named as Greater Sino Holdings Ltd but this is in fact a shell owned by Asia Resources Fund Ltd (ARF), which is managed by a subsidiary of General Enterprise Management Services Ltd (GEMS), which is led by Simon Murray, an INED of Sino-Forest. The Development Bank of Japan owns 46.5% of ARF, and GEMS owns 23.3%.
Company announcement, 22-Jun-2010
The CN Subscriber is named as Greater Sino Holdings Ltd but this is in fact a shell owned by Asia Resources Fund Ltd (ARF), which is managed by a subsidiary of General Enterprise Management Services Ltd (GEMS), which is led by Simon Murray, an INED of Sino-Forest. The Development Bank of Japan owns 46.5% of ARF, and GEMS owns 23.3%.
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