Top Sino-Forest shareholder slams default plan

TORONTO (Reuters) - Richard Chandler Corp, the largest shareholder in China-focused timber company Sino-Forest , slammed the beleaguered company's plan on Wednesday to trigger a debt default by failing to make a $10 million interest payment on its convertible notes. Sino-Forest, until months ago the largest listed forestry company on the Toronto Stock Exchange, has been reeling since June, when short-seller Carson Block and his firm Muddy Waters accused it of exaggerating the extent of its Chinese assets. ...