by David Brain on Jun 30, 2011
The free-fall of China’s
Sino-Forest (TRE: CO) share price this month provides valuable insight for any corporation which has, or is considering, listing on an international Exchange. While the Sino-Forest case is still evolving, here are the facts.
In just a few days, close to US$5 billion of value was wiped from Sino-Forest Corporation, the Toronto-listed Chinese forestry enterprise. The share price plummeted from C$18.21 (1 June, 2011) to just C$2.60 (29 June, 2011), a fall of more than 85%.