Our Business
We are committed to the sustainable development of the forestry industry in China.
We are formed to capture the unique opportunity to acquire, grow, harvest and replant standing timber on commercial forestry plantations located in China.
We currently own and operate nearly 160,000 hectares of commercial forestry plantations. We believe, by combining international capital, local government support, western management skills, and the strong backgrounds of our shareholders, our business will be competitive and enviromentally responsible.
Offering of Notes and Warrants
In May 2005, we succeeded in raising US $195 million from international investors through the issuance by Mandra Forestry Finance Limited of high-yield guaranteed senior notes and warrants to purchase the shares of its parent company. We also raised an additional US $15 million from Sino-Forest Corporation (see below) through the issuance of subordinated notes by the parent of Mandra Forestry Finance Limited. The proceeds have been used to acquire commercial forestry plantations in and around the Yangtze delta region in China.
Shareholders
Mandra Capital (www.mandracapital.com) is an investment holding company primarily focused on investment opportunities in China. Apart from its investment in commercial forestry plantations, it has other significant minority investments in the agriculture, materials and renewable energy sectors in China.
Morgan Stanley (www.morganstanley.com) is one of the leading investment banks in the world, with a global presence covering 28 countries. It offers access to international capital markets and corporate finance advice to Mandra Forestry.
Sino-Forest (www.sinoforest.com) is a major forestry plantation company operating in China. It provides technical assistance to Mandra Forestry. It is listed on the Toronto Stock Exchange.