OREANDA-NEWS. February 05, 2013. Sino-Forest Corporation has implemented its previously announced Plan of Compromise and Reorganization dated December 3, 2012 pursuant to the Companies' Creditors Arrangement Act (Canada ) (the "CCAA") and the Canada Business Corporations Act (as amended, the "Plan") with an implementation date of January 30, 2013, as the company said in a press release received by Lesprom Network.

As previously announced, the Plan was overwhelmingly approved by creditors at a meeting of affected creditors held on December 3, 2012 and received approval of the Ontario Superior Court of Justice on December 10, 2012 .

In addition, Sino-Forest ceased to be a reporting issuer in each of the applicable jurisdictions in Canada by order of the applicable Canadian securities regulators immediately prior to the completion of the restructuring transaction. All of the outstanding common shares of Sino-Forest will be cancelled for no consideration on March 4, 2013.

Sino-Forest operates and manages approximately 894,200 hectares of plantations and downstream manufacturing operations spanning eleven key provinces across China.