09:54 AM EST - Sino-Forest Corp. : announced that it has completed the acquisition of substantially all of the outstanding common shares of Mandra Forestry Holdings Limited. Concurrently with the Mandra Forestry acquisition, Sino-Forest said it completed an exchange with holders of 99.7% of the $195-million-U.S. 12% guaranteed senior notes due 2013 issued by Mandra Forestry and 96.7% of warrants issued by Mandra Forestry, for new guaranteed senior notes issued by Sino-Forest in the aggregate principal amount of $187,177,375 U.S. bearing interest at a rate of 10.25% per annum with a maturity date of July 28, 2014. Sino-Forest Corp.
shares T.TRE are trading up $0.07 at $18.46.
