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Sino-Forest Stay Period under Companies' Creditors Arrangement Act extended

Monday, April 16, 2012 1:23 PM


TORONTO, April 16, 2012 /PRNewswire/ - Sino-Forest Corporation ("Sino-Forest" or the "Company") announced today that the Ontario Superior Court of Justice (Commercial List) (the "Court") has granted the request by the Company for an extension of the stay period granted under the Companies' Creditors Arrangement Act (the "CCAA") to June 1, 2012. In its Initial Order obtained on March 30, 2012, the Court provided a 30 day stay period.

All inquiries regarding the CCAA proceedings should be directed to the Monitor, FTI Consulting Canada Inc., via email at: sfc@fticonsulting.com, or telephone: (416) 649-8094. Information about the CCAA proceedings, including copies of all court orders and the Monitor's reports, are available at the Monitor's website http://cfcanada.fticonsulting.com/sfc.

About Sino-Forest Corporation

Sino-Forest Corporation is a leading commercial forest plantation operator in China. Its principal businesses include the ownership and management of tree plantations, the sale of standing timber and wood logs, and the complementary manufacturing of downstream engineered-wood products.  Sino-Forest also holds a majority interest in Greenheart Group Limited (HKSE:00094), a Hong-Kong listed investment holding company with assets in Suriname (South America) and New Zealand and involved in sustainable harvesting, processing and sales of its logs and lumber to China and other markets around the world.  Learn more at www.sinoforest.com.

SOURCE Sino-Forest Corporation

(Source: PR Newswire )
(Source: Quotemedia)

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