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Wrong Allen Chan?

Allen T.Y. Chan

Chairman

Greenheart Group Limited

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I agree to the Terms of Service and Privacy Policy. I understand that I will receive a subscription to ZoomInfo Community Edition at no charge in exchange for downloading and installing the ZoomInfo Contact Contributor utility which, among other features, involves sharing my business contacts as well as headers and signature blocks from emails that I receive.

Greenheart Group Limited

Suites 1706-10 17/F Dah Sing Financial Centre 108 Gloucester Road

China

Company Description

Greenheart Group is a global forestry company with sustainable forests in Suriname, South America and New Zealand. In August 2012, Greenheart strengthened its sustainable operations in Suriname with the completion of a world-class processing facility in West S... more

Find other employees at this company (66)

Background Information

Employment History

Visiting Professor

City University of Hong Kong


Chief Executive Officer

Sino-Forest Corporation


Affiliations

Bloomberg L.P.

Cofounder


Renmin University of China

Council Member


Chinese People

Member of the Jiangxi Standing Committee of the Tenth Session


Jiangxi Standing

Member


Education

sociology

Hong Kong Baptist University


PhD

sociology


Web References(196 Total References)


Greenheart Group

www.greenheartgroup.com [cached]

Allen Chan
Chairman 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. Sino-Forest 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. Sino-Forest 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.


www.hotstockmarket.com

Martin took over from company co-founder Allen Chan in August and is also CEO of Greenheart.
* Former CEO Allen Chan resigns from company Sino-Forest said Allen Chan, who stepped down as chairman and chief executive in August, has resigned from his position as "founding chairman emeritus".


fibre.pulpandpaper.net

HONG KONG (Dow Jones)--Greenheart Group Ltd. (0094.HK) said Allen Chan has resigned as chairman and non-executive director, a day after he voluntarily stepped down as the chairman and chief executive at its parent company Sino-Forest Corp. (TRE.T).
Sino-Forest: Chairman, Chief Executive Allen Chan Resigns


www.canadianmanufacturing.com

The claim names several Sino-Forest executives, including former CEO Allen Chan, auditor Ernst & Young and financial institutions that acted as underwriters for the company's 2009 prospectus offering.
It's been a rough few months for the Chinese forestry-products firm whose credit rating is in shambles and the sudden resignation of CEO Allen Chan sent investor confidence reeling. "The trading suspension, the resignation of (CEO) Allen Chan and the ongoing investigations add significant negative pressure on the company's operations and its ability to access additional liquidity," said Moody's senior analyst Ken Chan. Allen Chan has also resigned as a director and chairman of Greenheart Group, a company in which Sino-Forest holds a 64 per cent stake.


www.stockhouse.com

Allen Chan's resignation as chief executive officer of Sino-Forest Corp. (TRE), which is accused of exaggerating timber holdings, marks the second time in 22 years the Chinese entrepreneur has lost control of a company he founded.
Chan stepped down Aug. 28 as chief executive officer, two days after Canada's main securities regulator suspended trading in the shares. His previous business raising funds for infrastructure projects in China collapsed after the government's crackdown on pro-democracy demonstrators in Beijing's Tiananmen Square spurred foreign investors to flee. Chan was named chairman emeritus of Sino-Forest and will remain available to assist the probe, the company said. Chan also resigned as chairman of Greenheart Group Ltd., Sino-Forest's Hong Kong- listed unit. Stan Neve, a New York-based Sino-Forest spokesman, declined to comment or make Chan and other executives available. Chan studied sociology at Hong Kong Baptist University and graduated in 1979. He joined a Hong Kong restaurant operator owned by billionaire casino owner Stanley Ho, as corporate secretary, according to a 2004 interview with World Executive Group's CEO magazine. 'Totally Paralyzed' Chan started his project-finance business in 1984. His first project raised funds for a hotel in Shenzhen, he said in the interview. Success evaporated after the Chinese crackdown. "It was like a nightmare that you plunged into darkness with little to hold on to, with no voice to scream and totally paralyzed," he told CEO magazine in an article published in Chinese. Chan considered leaving Hong Kong to study sociology in the U.S., he told Canada's Financial Post magazine in 2007. Instead he stayed and began writing a column for the Hong Kong Economic Journal. "My rationale was that you should stand up where you fall down," Chan told the Financial Post. Canadian Listing Chan founded Sino-Forest in 1992 to exploit an increasing domestic shortage of wood by tapping foreign capital to acquire timberland. "Allen is a very picky person,'" Song, who worked with Sino-Forest to train some of its workers, said in an interview. Chan comes across in person as "very mild-mannered, no hucksterism at all," said First Asset's Stephenson, who said he sold his Sino-Forest shares before the Muddy Waters report because he heard hedge funds were short-selling the stock. Robert McWhirter, a Toronto-based money manager at Selective Asset Management Inc., questioned Chan at a May 30 dinner for investors at Canoe restaurant of the 54th floor of the TD Bank Tower in Toronto's financial district. "I personally stand by and guarantee that the audited financial statements and the reports filed are accurate," Chan said in a June 14 conference call. Sino-Forest said Aug. 16 it will take until the end of the year to complete an independent probe. Chan may have to wait till then to find out what comes next.


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