Attention Business Editors
Sino-Forest Announces Repayment of 9.125% Guaranteed Senior Notes Due 2011
§ TORONTO, Aug. 15, 2011 /CNW/ - Sino-Forest Corporation (TSX: TRE)
("Sino-Forest" or the "Company"), a leading commercial forest plantation
operator in China, today announced that it will repay the outstanding balance
of its 9.125% Guaranteed Senior Notes due 2011 (the "2011 Notes"), plus
accrued interest, at maturity on August 17, 2011. The 2011 Notes are listed on
the Singapore Exchange Securities Trading Limited (the "SGX-ST").
§ Sino-Forest has deposited the principal amount of the 2011 Notes, being
US$87,670,000, together with accrued interest, with Citibank, N.A., the paying
agent under the Indenture governing the 2011 Notes. Following the repayment,
the 2011 Notes will be cancelled and de-listed from the SGX-ST.
§ Sino-Forest Chairman & CEO Allen Chan said, "We would like to take this
opportunity to thank our bondholders for their long-term support of
Sino-Forest."
§ Questions regarding the repayment should be directed to Law Debenture
Trust Company of New York.
§ 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 countries. Sino-Forest's common shares have been listed on the
Toronto Stock Exchange under the symbol TRE since 1995. Learn more at
www.sinoforest.com.