Sino-Forest To Default, Raising Doubts For Investors
- Tuesday, December 13, 2011, 0:55
- Market
- Add a comment
Chinese timber company Sino-Forest said Monday that its board of directors have decided not to make a $9.775 million interest payment on a bond due December 15. The company also said it will probably not issue a quarterly statement for its Q3 results, not only by the deadline, but at all, as it continues investigations to clear itself of fraud allegations.
http://www.forbes.com/sites/heatherstruck/2011/12/12/sino-forest-to-default-raising-doubts-for-investors/
About the Author
admin123 has written 23527 stories on this site.
