11:59 AM EST - Sino-Forest Corp. : announced the acquisition, by one of its wholly-owned subsidiaries, of Homix Limited, a company engaged in research & development and manufacturing of engineered-wood products in China, for an aggregate amount of $7.1 million U.S. The acquisition includes the company's facilities in mainland China and its patents. The transaction was funded with cash on hand. Homix has an R&D laboratory and two engineered-wood production operations based in Guangzhou and Jiangsu Provinces, covering eastern and southern China wood product markets. The company has developed a number of new technologies with patent rights, specifically suitable for domestic plantation logs including poplar and eucalyptus species. Sino-Forest Corp.
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