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.
Asia Retail Group is seeking to sell Courts Asia Ltd., a furniture and electronics retailer with operations in Singapore and Malaysia, for about S$500 million ($382 million), two people with knowledge of the matter said.
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.
Sino-Forest Corp.’s Chief Executive Officer and Chairman Allen Chan resigned two days after a Canadian securities regulator said the company may have exaggerated timber holdings, the same charge made by short seller Carson Block in June.
KKR & Co. , whose shares will start trading on the New York Stock Exchange today, is seeking to raise $800 million to invest in China, Asia’s biggest private- equity market, two people with knowledge of the matter said.