OREANDA-NEWS. December 07, 2012. Sino-Forest Corporation announced that the creditors voted on and approved, by the required majorities, the Plan of Compromise and Reorganization of Sino-Forest pursuant to the Companies' Creditors Arrangement Act (Canada) and the Canada Business Corporations Act (the "Plan").

The Plan was approved at the meeting by 99% of the number of affected creditors who voted on the Plan and by over 99% in value of the proven claims held by affected creditors who voted on the Plan.

The Company intends to seek an order of the Ontario Superior Court of Justice (the "Court") sanctioning and approving the Plan at a hearing scheduled to take place on December 7, 2012 and December 10, 2012 at 10:00 a.m. (Toronto time) at the Court at 330 University Avenue, Toronto, Ontario, Canada.

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