"We risk becoming the best informed society that has ever died of ignorance"
- Rubén Blades

"You can't make up anything anymore. The world itself is a satire. All you're doing is recording it"
- Art Buchwald

"It's getting exciting now, two and one-half. Think of everything we've accomplished, man. Out these windows, we will view the collapse of financial history. One step closer to economic equilibrium"
- Tyler Durden

"It is your corrupt we claim. It is your evil that will be sought by us. With every breath, we shall hunt them down."
- Boondock Saints

Monday, June 6, 2011

Sino Forest 6/6/2011 Release of Evidence Slams Muddy Waters (UPDATED: Video)

Sino Forest Strikes Back.  Here is the recent (6/7) release about PriceWaterHouseCoppers followed by yesterday's release. 

/PRNewswire/ - Sino-Forest Corporation (TSX: TRE) ("Sino-Forest" or the "Company"), a leading commercial forest plantation operator in China, today announced that the Independent Committee, which has been set up to examine and review the allegations contained in Muddy Waters' report, has appointed PricewaterhouseCoopers ("PwC") as the independent international accounting firm to assist with the investigations. PwC is highly familiar with the forestry industry and the business environment in China. PwC has extensive resources in North America and China, and will commence its work immediately.

About Sino-Forest Corporation
Sino-Forest Corporation is a leading commercial forest plantation operator in China. Its principal businesses include the ownership and management of tree plantations, the sale of standing timber and wood logs, and the complementary manufacturing of downstream engineered-wood products. Sino-Forest also holds a majority interest in Greenheart Group Limited, a Hong Kong-listed investment holding company (HKSE: 00094) with operations based in Suriname, South America and New Zealand, which is involved in responsible and sustainable log harvesting, lumber processing and sales and marketing of logs and lumber products to China and other countries around the world. Sino-Forest's common shares have been listed on the Toronto Stock Exchange under the symbol TRE since 1995. Learn more at www.sinoforest.com

SOURCE Sino-Forest Corporation 

Uploads_SF MW Press Release 06 06 2011 Final