Sino-Forest saga another reversal of fortune for HK founder Allen Chan

The troubles facing China's Sino-Forest (TRE.TO: Quote) mark a new chapter in the chequered career of Allen Chan, its Hong Kong-born founder who resigned as CEO over the weekend amid massive fraud allegations and a plunge in its share price.

Chan, a columnist and author in Hong Kong with a love of martial arts and classical Chinese literature, may lack the gravitas and vast wealth of Hong Kong's billionaire tycoons, but he developed a reputation over the years as an innovative entrepreneur with an academic turn of mind.

As a columnist for the respected Hong Kong Economic Journal newspaper, he fused his knowledge of the Chinese classics, history and culture with theories on management, finance and business to nurture a steady readership. As head of Sino-Forest, he trumpeted sustainability and giving back to nature.

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- Posted: 2011-08-29 09:09:49

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