Orrick advises China Forestry on US$300 million high yield bond offering on the Singapore Stock Exchange

Hong Kong – Orrick, Herrington & Sutcliffe LLP (Orrick) has advised China Forestry Holdings Co., Ltd. (China Forestry) in relation to its issuance of US$300 million of high yield 7.75% senior notes due 2015 in a Rule 144A/Regulation S offering. The notes are listed on the Singapore Stock Exchange. The underwriters are Deutsche Bank, Standard Chartered Bank and UBS Bank.

A team of Hong Kong, U.S. and English law qualified capital markets lawyers from Orrick’s Hong Kong and China offices, led by partners Mark Lee, Edwin Luk and Michelle Taylor advised China Forestry, a long term client that Orrick’s same team successfully took public on the Hong Kong Stock Exchange on 3 December 2009.

Invested by the Carlyle Group and the private equity firm Partners Group, China Forestry is one of the three largest, privately-held, naturally regenerated and plantation forest operators in China in terms of coverage area of owned forest rights. China Forestry’s plantation forests, which are located in Sichuan and Yunnan, are managed with the aim of supplying sustainably-harvested logs to manufacturers in the construction, furniture, interior decoration, wood product and paper industries in China.

Edwin Luk, Orrick’s Asia Corporate Group leader and Hong Kong partner, commented: “Orrick’s strong international corporate platform in Greater China allows us to represent companies from early stage financing through IPO to secondary and follow-on offerings which helps our clients such as China Forestry to further grow their businesses.”

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