Sino-Forest To Default, Raising Doubts For Investors |
December 12, 2011 | December 2011 Bond Updates |
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. |
View more at: http://www.forbes.com/sites/heatherstruck/2011/12/12/sino-forest-to-default-raising-doubts-for-investors/ |
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