Sino-Forest Corp., the Chinese timber company that plunged 74 percent this year after fraud allegations, said going private is among the options under consideration as it attempts to restore its finances and reputation.
Billionaire Richard Chandler, who became one of New Zealand’s richest men by pushing for reforms at South Korea’s SK Group, disclosed he’s one of the biggest shareholders in Sino-Forest Corp., the Chinese company targeted by short-seller Carson Block.
Zillow Inc., an online real-estate information service, may raise as much as $51.8 million in an initial public offering, capitalizing on growing demand for shares in quickly growing Internet companies.
Carson Block, the short seller who recommended betting against Sino-Forest Corp. before it plunged as much as 89 percent, said it’s regrettable some investors were lured into buying the company’s shares following the retreat.
KKR & Co. and Affinity Equity Partners Ltd. are seeking 1.5 trillion won ($1.25 billion) to refinance loans they used to buy Oriental Brewery Co ., according to three people with direct knowledge of the matter.