Sino-Forest’s Chan Calls Allegations ‘False,’ Globe Reports

Sino-Forest Corp. (TRE) Chief Executive Officer Allen Chan said accusations made against the forestry company by short-seller Carson Block are “false, unjustified and unfair,” the Globe and Mail reported.

In an interview with the Globe, Chan said he was angry and stunned by the claims of financial manipulation made by Block. Sino-Forest, based in Hong Kong and Mississauga, Ontario, refused to name clients who purchase its trees in China because of competitive reasons, the newspaper said.

To contact the reporter on this story: Sean B. Pasternak in Toronto at spasternak@bloomberg.net.

To contact the editor responsible for this story: David Scanlan at dscanlan@bloomberg.net

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