Sino-Forest Corp : Sino-Forest Stay Period under Companies’ Creditors Arrangement Act extended
04/17/2012| 03:34am US/Eastern
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TORONTO, CANADA - April 16, 2012 -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.
FOR INVESTOR INQUIRIES PLEASE CONTACT: BRUNSWICK GROUP
LIMITED
Tel: + 1 646 625 7452
FOR MEDIA INQUIRIES PLEASE CONTACT: BRUNSWICK GROUP
LIMITED
Email: sinoforest@brunswickgroup.com
New York
Stan Neve
Tel: +1 212 333 3810
Hong Kong
Tim Payne
Cindy Leggett-Flynn
Tel: +852 3512 5000
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