TORONTO, April 5, 2012 /CNW/ - Sino-Forest Corporation ("Sino-Forest" or
the "Company") (TSX:TRE) announced today that the Continued Listings
Committee of the Toronto Stock Exchange ("TSX") has determined to
delist the Company's common shares effective at the close of market on
May 9, 2012.
The delisting was imposed due to Sino-Forest's failure to meet the
continued listing requirements of the TSX as a result of the
commencement of proceedings under the Companies' Creditors Arrangement Act on March 30, 2012 (the "CCAA Proceedings") and for failure to file on a
timely basis its interim financial statements for the three and nine
months ended September 30, 2011 and its audited annual financial
statements for the year ended December 31, 2011. Sino-Forest continues
to be subject to a cease trade order of the Ontario Securities
Commission which prohibits trading in the Company's securities.
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. Until the
delisting on May 9, 2012, Sino-Forest's common shares will be listed on
the Toronto Stock Exchange under the symbol TRE. Learn more at www.sinoforest.com. Learn more at www.sinoforest.com.
<p> </p> <p> FOR INVESTOR INQUIRIES PLEASE CONTACT:<br/> BRUNSWICK GROUP LIMITED<br/> Tel: + 1 646 625 7452 </p> <p> FOR MEDIA INQUIRIES PLEASE CONTACT:<br/> BRUNSWICK GROUP LIMITED<b> </b><br/> Email: <a href="mailto:sinoforest@brunswickgroup.com">sinoforest@brunswickgroup.com</a><br/> <br/> New York<br/> Stan Neve<br/> Tel: +1 212 333 3810 </p> <p> Hong Kong<br/> Tim Payne<br/> Cindy Leggett-Flynn<br/> Tel: +852 3512 5000<br/> <br/> </p>