Last week, the embattled company warned that it would be unable to file its results on time as an internal probe of fraud allegations drags on longer than expected.
Sino-Forest, until months ago the largest forestry company listed on the Toronto Stock Exchange, has been reeling since short-seller Carson Block and his firm, Muddy Waters, accused it of exaggerating the extent of its Chinese assets.
In view of its circumstances, the company said its board has established a special restructuring committee comprised of its independent directors. The committee will supervise, analyze and manage a review of the strategic options available to the company.
(Reporting By Euan Rocha; Editing by Matt Driskill)