Sino-Forest Corp, whose biggest shareholder is hedge fund Paulson & Co. plunged a 2nd day after a brief vendor stated the Sino-Forest had a market capitalization of about 6 billion dollars just two short months ago. In an eerie parallel, Bre-X collapsed after reaching a market cap of approximately $6 billion. the forestry corporate overstated timberland holdings and manufacturing, an allegation it denied a leading commercial forest plantation operator in China, Sino-Forest operates in ten key provinces in China, with over 3,900 full-time employees, managing approximately 788,700 hectares of plantation trees as at December 31, 2010.
Sinoforest Over the past 4 years 2005 to 2010, Sino-Forest achieved compound average annual growth rates of 41% in Revenue, 24% in diluted Earnings Per Share, and 41% in Cash Flow From Operating Activities. Our executive offices are in Hong Kong and Toronto, and Sino-Forest common shares trade on the Toronto Stock Exchange
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