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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