OTCPK:TOUBF - Post by User
Post by
Silly_meon May 27, 2008 7:49pm
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Post# 15116351
Gobe and Mail article
Gobe and Mail articleThis probably accounts for the positive move in the last couple of days.
Operations unaffected by quake: Sino-Forest
Sino-Forest Corp. sees the earthquake rebuilding effort in China's Sichuan province boosting sales of its wood products over the next few years, chief executive officer Allen Chan said yesterday following the company's annual meeting. While "we don't have any plantations in Sichuan and Sichuan is not our direct market, some of our customers after they buy from us might manufacture something and then sell to Sichuan," he said after the Toronto event attended by about 50 shareholders. However, "at this point there's no impact," he said. "Our forest plantation operations are operating as usual" after the May 12 quake that caused massive damage in Sichuan, killing more than 65,000 people. But for the next few years, "there will be quite a strong need for wood products in Sichuan because of the post-quake building program," Mr. Chan said. TRE (TSX) rose 25 cents to $18.39.