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China Forestry Holdings Co., Ltd. Announces Further Extension of the Expiration Date for Its Pending Tender Offer for Any and All of Its 10.25%...

July 8, 2014



China Forestry Holdings Co., Ltd. Announces Further Extension of the Expiration Date for Its Pending Tender Offer for Any and All of Its 10.25% Senior Notes Due 2015 and Related Consent Solicitation

By a News Reporter-Staff News Editor at China Weekly News -- China Forestry Holdings Co., Ltd. announced the further extension of the Expiration Date for its previously announced tender offer to purchase for cash any and all of its outstanding 10.25% Senior Notes due 2015 (the "Notes") and related consent solicitation. The tender offer and consent solicitation are subject to the terms and conditions set forth in the Offer to Purchase and Consent Solicitation Statement, dated November 22, 2013, as amended (the "Offer to Purchase").

The previously announced Expiration Date for Notes validly tendered pursuant to the tender offer and consent solicitation has been extended to 11:59 p.m., New York City Time, on December 24, 2014 (unless further extended or earlier terminated). Notes that are validly tendered prior to such time pursuant to the tender offer and consent solicitation and accepted for purchase will be entitled to receive the Tender Offer Consideration. As of 5:00 p.m., New York City Time, on June 24, 2014, $98,804,000 aggregate principal amount of the Notes, representing 63.66% of the outstanding Notes not held by the company, had been tendered.

In connection with the further extension of the Expiration Date, the Company will prepare and disseminate to holders of Notes a supplement (the "Supplement") to the Offer to Purchase.

The consents received to date, unless withdrawn, are sufficient to approve the proposed amendments to the Indenture, which amendments would eliminate most of the restrictive covenants and certain other related provisions (including certain events of default) of the Indenture or make such covenants less restrictive. Holders of Notes may withdraw their tenders and revoke their consents any time prior to the Expiration Date.

Aside from the extension of the Expiration Date, all other terms and conditions of the tender offer and consent solicitation remain unchanged. The Early Consent Deadline expired on December 6, 2013. Any Notes tendered after the Early Consent Deadline will be entitled to receive only the Tender Offer Consideration.

In addition to the financing condition described above, the tender offer and consent solicitation are conditioned upon the satisfaction of certain other conditions. Subject to applicable law, the company may also terminate the tender offer and consent solicitation at any time before the Expiration Date in its sole discretion.

The information agent and tender agent is Bondholder Communications Group, LLC. Copies of the Offer to Purchase are available by contacting Bondholder Communications Group, LLC at (212) 809-2663 in the United States or +44 (0) 20 7382 4580 in London.

Keywords for this news article include: Asia, China Forestry Holdings Co. Ltd.

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Source: China Weekly News


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