Sino-Forest Announces Personnel Changes and Application to Enhance Powers of the CCAA Monitor
PR-USA.net - over 4 years
Sino-Forest Corporation ("Sino-Forest"
or the "Company") announced today certain personnel changes. The
Company also announced today its intention to apply to the court, in
the application commenced by the Company under the Companies' Creditors Arrangement Act on March 30, 2012 (the "CCAA Proceeding"), to enhance the powers of the
court-appointed Monitor, FTI Consulting Canada Inc.
Sino-Forest announced today that it has terminated the employment of
Alfred Hung, Vice President Corporate Planning and Banking of the
Company, George Ho, Vice President Finance of the Company and Simon
Yeung, Vice President Operations of Sino-Panel (Asia) Inc., a
subsidiary of the Company....