Jun 02, 2010. /Lesprom Network/. Sino-Forest Corporation completes the acquisition of 2,638,469,000 ordinary shares in Greenheart Resources Holdings Limited, representing approximately 34.4% of the issued share capital of Greenheart. This acquisition increased Sino-Capital's total holding to approximately 39.6% of the issued share capital of Greenheart. The remaining approximately 60.4% of Greenheart is held by a subsidiary of Omnicorp Limited, a company listed on The Stock Exchange of Hong Kong Limited in which Sino-Forest is an approximate 20.0% shareholder (fully-diluted 40%), company said in a statement received by Lesprom Network. The aggregate acquisition price for the Greenheart Shares payable by Sino-Capital under the two agreements described above was HK$258,176,278 (approximately $33 million) and was satisfied by the issuance of 1,990,566 Sino-Forest Shares at a price of CDN$17.49 per Sino-Forest Share. Greenheart is one of the largest natural forest concession owners and operators in Suriname, South America and owns approximately 178,000 hectares of tropical hardwood concession and cutting rights in Suriname, with a standing stock volume of approximately 4.4 million cubic metres. Sino-Forest Corporation is a leading commercial forest plantation operator in China. Its principal businesses include the ownership and management of forest plantation trees and sales of standing timber, wood logs, and complementary manufacturing of downstream engineered-wood products.