In one of the most eagerly awaited earnings conference calls this year, Sino Forest attempted on Tuesday to rebut allegations of fraud levelled at the Chinese forestry company by short seller Carson Block.
However, the company also announced that it would take two to three months for PwC, the accounting group employed by the committee of independent directors investigating Mr Block’s allegations, to report its findings.
In the presentation accompanying first-quarter results for the Hong Kong- based but Canadian-listed group, Sino Forest declared itself “confident amid recent negative news”.
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