China Forestry was alleged fraud and its former CEO has been arrested by chinese police, yet according to the recent announcement, the company is continuing collecting confirmations for its timber assests from the Chinese Forstry Bureaus, the business keeps running (harvesting and selling timber ), and the company is preparing to resume trading on Hong Kong Stock Exchange.

http://www.hkexnews.hk/listedco/listconews/sehk/2012/1231/LTN20121231249_C.PDF

 

What was wrong with Sino-Forest? Who killed the company and left zero hope for shareholders?