Firm Advises Temasek Holdings in $200M Private Placement in Sino-Forest Corporation
03.26.07
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The Firm is advising Temasek Holdings (Private) Limited ("Temasek Holdings") in its subscription of common shares representing a 16% stake of Sino-Forest Corporation by private placement. The transaction, announced on March 23, 2007, reflects a total value of $200 million (including $30 million in shares subscribed by co-investors Greenwoods and United Capital Investment). Sino-Forest, a Canadian company listed on the Toronto Stock Exchange since 1995, is a leading commercial forestry plantations operator in China, and is the first foreign and privately managed operator involved in forest products in China. Temasek Holdings is an Asian investment firm headquartered in Singapore and manages a diversified global portfolio of US$80 billion, principally in Singapore, Asia and the OECD economies.
The Simpson Thacher team working on this deal includes: Leiming Chen (Hong Kong), Chad Skinner (Palo Alto) and Magnolia Samadani (Tokyo).