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Canadian Regulator Will Consider Extending Sino-Forest Shares Trading Ban: report

The Ontario Securities Commission will hold a hearing this week to consider extending a temporary order that has suspended trading in Sino-Forest Corp. (TRE.TO)'s shares and prevented five executives from buying or selling securities, Bloomberg reported.

It said the cease-trade order on Sino-Forest shares may be extended to Nov. 23 and the order on securities trading by Allen Chan, Albert Ip, Alfred C.T. Hung, George Ho and Simon Yeung may be lengthened to Jan. 25, Canada's main securities watchdog said Sept. 2 in a notice on its website.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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