China Forestry Holdings Co., the Chinese timber company whose shares have been suspended since January last year because of accounting irregularities, said its auditor KPMG LLC resigned citing valuation concerns.
Sino Forest is one of dozens of Chinese companies listed on foreign stock exchanges that have been targeted by short sellers and have had their shares suspended from trading
Carlyle Group's flagship local-currency fund in China, set up with the Beijing city government, is close to finalizing its first investment, said Carlyle co-founder David Rubenstein, who remains bullish on China despite two investments that...