Ying White, previously the head of Akin, Gump, Strauss, Hauer & Feld LLP’s investment funds practice, joined Clifford Chance LLP’s Beijing office as a partner in the corporate practice, the firm announced.
Sino-Forest Corp., the Chinese tree grower that filed for bankruptcy protection last week after failing to shake off fraud allegations, will struggle to find a buyer, according to timber industry professionals.
Boshiwa International Holding Ltd., the Chinese maker of children’s apparel that has a license for the Harry Potter brand, said Deloitte Touche Tohmatsu resigned as its auditor because of a lack of financial information. The shares plunged by a record.
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.
Billionaire investor Richard Chandler, the biggest shareholder in Sino-Forest Corp., said the Chinese timber company that’s fending off fraud allegations needs to change its chief executive officer and appoint new directors.
Sino-Forest Corp., the Chinese tree- farm operator targeted by short seller Carson Block, climbed to the highest in almost eight weeks on speculation billionaire investor Richard Chandler will push through positive changes at the company.
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.