Apr 11, 2007. /Lesprom Network/. Sino-Forest Corporation, a leading commercial forestry plantation operator in China, is pleased to announce that the non-brokered strategic placement which was previously announced on March 23, 2007 has been completed, subject only to the receipt of funds which are currently in the process of being transmitted to Sino-Forest. The strategic placement consisted of the sale of approximately 25.4 million common shares at CAD 9.15 per share to several institutional investors including Temasek Holdings, raising gross proceeds of $200 million. The proceeds will be used for the acquisition of standing timber, including pursuant to the Yunnan agreement previously described in the press release dated March 23, 2007, construction or acquisition of related processing facilities in the regions, and for working capital. Sino-Forest Corporation, a Canadian company, is a leading commercial forestry plantations operator in China. The company started its operations in 1994 and is the first foreign and privately managed operator involved in forest products in China. Its principal businesses include the ownership and management of forestry plantation trees and sales of standing timber, wood chips and logs, and complementary manufacturing of downstream engineered-wood products. The corporation's common shares trade on the Toronto Stock Exchange since 1995.