Mandolin Fund Ups Stake in Sino-Forest

The Mandolin Fund, a Singapore-based investment fund, has increased its stake in Chinese forestry company Sino-Forest and now owns 18% of the company, Reuters wrote. The embattled Sino-Forest has been accused of fraud by short-seller Carson Block and his firm Muddy Waters, Reuters wrote. Shares of Sino-Forest are down more than 70% this year.

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