OTCPK:TOUBF - Post by User
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Buffetpickson Apr 04, 2012 8:55pm
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TRE, filed Bankruptcy and delisted.
TRE, filed Bankruptcy and delisted. Globe says Sino-Forest files for bankruptcy protection
2012-04-02 08:36 ET - In the News
The Globe and Mail reports in its Saturday edition that less than a year after Sino-Forest was first rocked by fraud allegations, the company is insolvent and has been forced to seek bankruptcy protection from creditors. The Globe's Andy Hoffman and Jeff Gray write that Sino also put itself up for sale. In a Toronto courtroom Friday, Sino-Forest secured temporary shielding from holders of more than $1.8-billion in corporate debt, giving breathing room to executives trying to find a buyer for the scandal-plagued company's assets.
Sino-Forest's shares under TSX delisting review
2012-04-03 15:42 ET - Miscellaneous
The Toronto Stock Exchange is reviewing the shares of Sino-Forest Corp. with respect to meeting the exchange's continued listing requirements pursuant to the expedited review process. The TSX reports the company's shares are currently halted because of a cease trade order.