Sino-Forest Shareholder Floats Restructuring Plan

Law360, New York (April 2, 2012, 4:19 PM EDT) -- Sino-Forest Corp.'s largest shareholder announced Monday that it has proposed a restructuring plan for the timber company, which filed for bankruptcy protection and announced a potential sale Friday after an analyst set off a firestorm in June by claiming it was a Ponzi scheme.

Richard Chandler Corp. said it has assembled a team led by Asian forestry expert David Walker to lead its proposal for the Chinese-Canadian plantation owner's restructuring.

"RCC, as the largest single shareholder, believes that the future of the company lies in the...
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