Dominion Lending Centres Clearlease Reports Ontario Securities Commission (OSC) says it is investigating Sino-Forest

Dominion Lending Centres Clearlease Reports Ontario Securities Commission (OSC) says it is investigating Sino-Forest

VANCOUVER, BC (June 8, 2011) Dominion Lending Centres Clearlease Reports The Ontario Securities Commission has launched an investigation into Sino-Forest Corp. (TSX:TRE), the Chinese timberland owner accused of exaggerating its sales and assets.

A spokeswoman for the provincial securities regulator confirmed Wednesday June 8, 2011 that the OSC has begun an investigation into “matters related” to the Toronto-listed company, but did not provide any further details.

Shares in the company have lost three-quarters of their value since the allegations were made last week by short-seller Muddy Waters Research.

The company said it would ask securities regulators to investigate the trading activities conducted by Muddy Waters, which made the allegations in a scathing commentary on the company last week.

Muddy Waters has also said it would provide copies of the documentation it has reviewed to the regulator.

The company has appointed an independent committee to investigate the claims, but says it’s confident it will be vindicated.

In an effort to ease investor concerns, Sino-Forest has released sales agreements and other documents showing its ownership of timberlands in China.

Shares of the company were up 51 cents to $4.52 in trading on the Toronto Stock Exchange.

On Tuesday June 7, 2011, Moody’s Investors Service put Sino-Forest under review for a possible downgrade after it raised concerns the company’s business may be affected even if the accusations are proven false.

“Moody’s notes that Sino-Forest has been growing aggressively, and needs ongoing access to the equity and debt markets to continue such growth,” the debt rating agency said in a statement.

“There is a risk that the current allegations will damage its ability to do so, or increase the cost of doing so.”

Moody’s, which currently had a rating of Ba2 on the company, said $1.9 billion in Sino-Forest debt is affected by the review.

The stock had traded for more than $18 before short-seller Muddy Waters Research published a scathing commentary on the company accusing it of fraud.

The company said it would detail its sources and uses of cash when it releases its quarterly financial results on Tuesday June 7, 2011. Sino-Forest is also expected to take questions from financial analysts when it holds a conference call to discuss the results.

The average analyst estimate is for Sino-Forest to report a profit of 22 cents per share on $386 million in revenue, according to Thomson Reuters.

In 2010, the company reported a profit of $395.4 million or $1.60 per diluted share on $1.92 billion in revenues. That compared with a profit of $286.4 million or $1.38 per diluted share on $1.24 billion in revenue in 2009.

Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk


Dominion Lending Centres Clearlease Reports Ontario Securities Commission (OSC) says it is investigating Sino-Forest

VANCOUVER, BC (June 8, 2011) Dominion Lending Centres Clearlease Reports The Ontario Securities Commission has launched an investigation into Sino-Forest Corp. (TSX:TRE), the Chinese timberland owner accused of exaggerating its sales and assets.

A spokeswoman for the provincial securities regulator confirmed Wednesday June 8, 2011 that the OSC has begun an investigation into “matters related” to the Toronto-listed company, but did not provide any further details.

Shares in the company have lost three-quarters of their value since the allegations were made last week by short-seller Muddy Waters Research.

The company said it would ask securities regulators to investigate the trading activities conducted by Muddy Waters, which made the allegations in a scathing commentary on the company last week.

Muddy Waters has also said it would provide copies of the documentation it has reviewed to the regulator.

The company has appointed an independent committee to investigate the claims, but says it’s confident it will be vindicated.

In an effort to ease investor concerns, Sino-Forest has released sales agreements and other documents showing its ownership of timberlands in China.

Shares of the company were up 51 cents to $4.52 in trading on the Toronto Stock Exchange.

On Tuesday June 7, 2011, Moody’s Investors Service put Sino-Forest under review for a possible downgrade after it raised concerns the company’s business may be affected even if the accusations are proven false.

“Moody’s notes that Sino-Forest has been growing aggressively, and needs ongoing access to the equity and debt markets to continue such growth,” the debt rating agency said in a statement.

“There is a risk that the current allegations will damage its ability to do so, or increase the cost of doing so.”

Moody’s, which currently had a rating of Ba2 on the company, said $1.9 billion in Sino-Forest debt is affected by the review.

The stock had traded for more than $18 before short-seller Muddy Waters Research published a scathing commentary on the company accusing it of fraud.

The company said it would detail its sources and uses of cash when it releases its quarterly financial results on Tuesday June 7, 2011. Sino-Forest is also expected to take questions from financial analysts when it holds a conference call to discuss the results.

The average analyst estimate is for Sino-Forest to report a profit of 22 cents per share on $386 million in revenue, according to Thomson Reuters.

In 2010, the company reported a profit of $395.4 million or $1.60 per diluted share on $1.92 billion in revenues. That compared with a profit of $286.4 million or $1.38 per diluted share on $1.24 billion in revenue in 2009.

Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk


Dominion Lending Centres Clearlease Reports Ontario Securities Commission (OSC) says it is investigating Sino-Forest

VANCOUVER, BC (June 8, 2011) Dominion Lending Centres Clearlease Reports The Ontario Securities Commission has launched an investigation into Sino-Forest Corp. (TSX:TRE), the Chinese timberland owner accused of exaggerating its sales and assets.

A spokeswoman for the provincial securities regulator confirmed Wednesday June 8, 2011 that the OSC has begun an investigation into “matters related” to the Toronto-listed company, but did not provide any further details.

Shares in the company have lost three-quarters of their value since the allegations were made last week by short-seller Muddy Waters Research.

The company said it would ask securities regulators to investigate the trading activities conducted by Muddy Waters, which made the allegations in a scathing commentary on the company last week.

Muddy Waters has also said it would provide copies of the documentation it has reviewed to the regulator.

The company has appointed an independent committee to investigate the claims, but says it’s confident it will be vindicated.

In an effort to ease investor concerns, Sino-Forest has released sales agreements and other documents showing its ownership of timberlands in China.

Shares of the company were up 51 cents to $4.52 in trading on the Toronto Stock Exchange.

On Tuesday June 7, 2011, Moody’s Investors Service put Sino-Forest under review for a possible downgrade after it raised concerns the company’s business may be affected even if the accusations are proven false.

“Moody’s notes that Sino-Forest has been growing aggressively, and needs ongoing access to the equity and debt markets to continue such growth,” the debt rating agency said in a statement.

“There is a risk that the current allegations will damage its ability to do so, or increase the cost of doing so.”

Moody’s, which currently had a rating of Ba2 on the company, said $1.9 billion in Sino-Forest debt is affected by the review.

The stock had traded for more than $18 before short-seller Muddy Waters Research published a scathing commentary on the company accusing it of fraud.

The company said it would detail its sources and uses of cash when it releases its quarterly financial results on Tuesday June 7, 2011. Sino-Forest is also expected to take questions from financial analysts when it holds a conference call to discuss the results.

The average analyst estimate is for Sino-Forest to report a profit of 22 cents per share on $386 million in revenue, according to Thomson Reuters.

In 2010, the company reported a profit of $395.4 million or $1.60 per diluted share on $1.92 billion in revenues. That compared with a profit of $286.4 million or $1.38 per diluted share on $1.24 billion in revenue in 2009.

Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk




Site Map | Privacy Policy | XML Sitemap | Terms of Use | Equipment Lease Financing RSS Feed

© Copyright 2015 - Clearlease.com - Independently Owned & Operated
All trademarks are the property of their respective owners. All Rights Reserved.
This is not a commitment to lend. Home mortgages are subject to underwriting review and approval. This is a free no obligation service.
Yahoo®, Google®, Bing ® are trademarks of their respective owners.
REALTOR® -- A Registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS® and subscribes to its strict Code of Ethics.
The MLS® is a Trademark of Multiple Listing Service, Inc.
All Commercial Mortgage and Residential Mortgage Loan Applications are processed by Dominion Lending Centres Commercial Capital Inc.
DLC® is a Trademark of Dominion Lending Centres, Inc.
All Automobile Loan & Lease Applications are funded by the Funder.
No part of this content, data or information included herein may be reproduced, republished or redistributed.


Vancouver Mortgage Leads - Residential Mortgage Leads Venacouver - FREE Mortgage Quote Vancouver
Vancouver Mortgage Leads - Residential Mortgage Leads Venacouver - FREE Mortgage Quote VancouverVancouver Mortgage Leads - Residential Mortgage Leads Venacouver - FREE Mortgage Quote VancouverVancouver Mortgage Leads - Residential Mortgage Leads Venacouver - FREE Mortgage Quote Vancouver