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Mr. Horsley admitted that his lack ...
Mr. Horsley admitted that his lack of knowledge of Sino-Forest's business, absence of due diligence and dependence on the company's management in China - including Sino-Forest CEO Allen Chan - allowed the company to make "materially misleading disclosures" to investors.
Mr. Chan is the Chairman of Greenheart Group.
He founded Sino-Wood Partners in 1993 and subsequently formed Sino-Forest Corporation, becoming its Chairman and Chief Executive Officer.
was then publicly listed on the Toronto Stock Exchange in 1994.
With over two decades of forestry management experience, Mr. Chan
spearheaded Sino-Forest's rapid expansion into sustainable, commercial forestry plantation operations in China.
now manages over 700,000 hectares of plantations with approximately 2500 employees.
Prior to establishing Sino-Forest, Mr. Chan was involved in various projects in China as a project manager and management consultant.
Before that, Mr. Chan
worked for the Hong Kong government in developing the city's vital new town centers.
Paulson Is Not Alone as Sino-Forest â€˜Mistakeâ€™ Hits $31 Billion Davis Fund - R.W. RogÃ© & Company, Inc.
Allen Chan, chief executive officer at Hong Kong-based Sino-Forest, has denied the allegations from Muddy Waters, which had bet against the stock.
Chan established an independent committee to investigate and appointed PricewaterhouseCoopers LLP to assist.
Americas - Business - Poten & Partners
Sino-Forest Announces the Resignation of Allen Chan as Chairman and Chief Executive Officer and his Appointment as Founding Chairman Emeritus
MANAGEMENT | SINO-FOREST CORPORATION
Allen T.Y. Chan
Founding Chairman Emeritus, Hong Kong
in 1992, Chairman & CEO from 1994 to 2011; over twelve years experience in project management and financing in China; management consultant and project manager in China; previously worked for Hong Kong government in new town development and management programs.
Corporate citizenship roles
In 2008, Mr. Chan was appointed to join the Jiangxi Standing Committee of the Tenth Session of the Chinese People's Political Consultative Conference ("CPPCC").
government and non-government members discuss Chinese policies and principles.
Its role and powers are somewhat analogous to an advisory legislative upper house.
Also in 2008, Mr. Chan was appointed as Council Member of Renmin University of China ("RUC", also known as the People's University of China) for a three-year term.