TORONTO, Dec. 3, 2012 /CNW/ - Sino-Forest Corporation ("Sino-Forest" or
the "Company") today announced that it has made certain additional
amendments to the Plan of Compromise and Reorganization dated November
28, 2012 (the "Plan") as a result of further discussions among the
Company, the ad hoc committee of the Company's noteholders and other
participants in the Companies' Creditors Arrangement Act (Canada) (the "CCAA") proceedings involving the Company. The amendments
were made in accordance with the terms of the Plan and the Plan Filing
and Meeting Order of the Ontario Superior Court of Justice (the
"Court") dated August 31, 2012 and with the consent of the ad hoc
committee of the Company's noteholders. A copy of the Plan will be
available on the Monitor's website at http://cfcanada.fticonsulting.com/sfc. In the interim, a copy of the Plan may be obtained by sending an
email request to the Monitor at email@example.com.
As previously announced, the meeting of creditors to consider the Plan
will be held at 10:00 a.m. on December 3, 2012, at the offices of
Gowling Lafleur Henderson LLP, counsel to the Court-appointed Monitor,
at 1 First Canadian Place, 100 King Street West, 16th Floor, Toronto,
Noteholders representing an aggregate of over 72% of the outstanding
principal amount of Sino-Forest's notes have agreed to vote in favour
of and to support the Plan.
SOURCE: Sino-Forest Corporation
For further information:
All inquiries regarding the Company's proceedings under the CCAA should be directed to the Monitor, FTI Consulting, via email at: firstname.lastname@example.org, 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.