|By PR Newswire||
|February 25, 2014 08:12 PM EST||
HONG KONG, Feb. 26, 2014 /PRNewswire/ -- China Forestry Holdings Co., Ltd. announced today the further extension of the Expiration Date for its previously announced tender offer to purchase for cash any and all of its outstanding 10.25% Senior Notes due 2015 (the "Notes") and related consent solicitation. The tender offer and consent solicitation are subject to the terms and conditions set forth in the Offer to Purchase and Consent Solicitation Statement, dated November 22, 2013, as amended (the "Offer to Purchase").
The previously announced Expiration Date for Notes validly tendered pursuant to the tender offer and consent solicitation has been extended to 11:59 p.m., New York City Time, on March 24, 2014 (unless further extended or earlier terminated). Notes that are validly tendered prior to such time pursuant to the tender offer and consent solicitation and accepted for purchase will be entitled to receive the Tender Offer Consideration. As of 5:00 p.m., New York City Time, on February 24, 2014, $103,344,000 aggregate principal amount of the Notes, representing 66.58% of the outstanding Notes not held by the company, had been tendered.
The consents received to date, unless withdrawn, are sufficient to approve the proposed amendments to the indenture relating to the Notes, which amendments would eliminate most of the restrictive covenants and certain other related provisions (including certain events of default) of the indenture or make such covenants less restrictive.
Aside from the extension of the Expiration Date, all other terms and conditions of the tender offer and consent solicitation remain unchanged. The Early Consent Deadline expired on December 6, 2013. Any Notes tendered after the Early Consent Deadline will be entitled to receive only the Tender Offer Consideration.
The tender offer and consent solicitation are conditioned upon the satisfaction of certain conditions, including the company's receipt of funds from one or more financings sufficient to pay the Tender Offer Consideration with respect to the Notes. Subject to applicable law, the company may also terminate the tender offer and consent solicitation at any time before the Expiration Date in its sole discretion.
The information agent and tender agent is Bondholder Communications Group, LLC. Copies of the Offer to Purchase are available by contacting Bondholder Communications Group, LLC at (212)-809-2663 in the United States or +44-(0)-20-7382-4580 in London.
This press release does not constitute an offer to sell or purchase, or the solicitation of an offer to sell or purchase, or the solicitation of tenders or consents with respect to the Notes.
The tender offer and consent solicitation for the Notes are only being made pursuant to the Offer to Purchase that the company has distributed to holders of the Notes. The tender offer and consent solicitation are not being made to holders in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction.
About China Forestry Holdings Co., Ltd.
China Forestry Holdings Co., Ltd., together with its subsidiaries (the "Group"), has operations in the People's Republic of China focused on forest resources and timber log processing. The Group has grown to become one of the key players in China's forestry industry. Its principal business comprises sustainable upstream forest management and the harvesting and sale of high-quality timber logs to meet rising demand in the domestic market in China. For more information, visit www.chinaforestryholding.com.
Certain information contained in this press release constitutes forward-looking statements, including the statements regarding the timing and settlement of the tender offer and consent solicitation. These statements relate to future events and can generally be identified by words such as "may," "expects" and "intends." Forward-looking statements are inherently uncertain. The success of the tender offer and consent solicitation is subject to a number of conditions, including the financing condition described in the Offer to Purchase, not all of which are within the company's control. In addition, any forward-looking statements speak only as of the date such statements are made. While the company may elect to update forward-looking statements at some point in the future, the company specifically disclaims any obligation to do so.
China Forestry Holdings Co., Ltd.
SOURCE China Forestry Holdings Co., Ltd.
Everyone wants to use containers, but monitoring containers is hard. New ephemeral architecture introduces new challenges in how monitoring tools need to monitor and visualize containers, so your team can make sense of everything. In his session at @DevOpsSummit, David Gildeh, co-founder and CEO of Outlyer, will go through the challenges and show there is light at the end of the tunnel if you use the right tools and understand what you need to be monitoring to successfully use containers in your...
Apr. 30, 2017 06:15 AM EDT Reads: 2,363
SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in compute, storage and networking technologies, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/...
Apr. 30, 2017 05:45 AM EDT Reads: 2,637
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In his Day 3 Keynote at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore t...
Apr. 30, 2017 04:45 AM EDT Reads: 1,196
NHK, Japan Broadcasting, will feature the upcoming @ThingsExpo Silicon Valley in a special 'Internet of Things' and smart technology documentary that will be filmed on the expo floor between November 3 to 5, 2015, in Santa Clara. NHK is the sole public TV network in Japan equivalent to the BBC in the UK and the largest in Asia with many award-winning science and technology programs. Japanese TV is producing a documentary about IoT and Smart technology and will be covering @ThingsExpo Silicon Val...
Apr. 30, 2017 03:45 AM EDT Reads: 9,442
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
Apr. 30, 2017 03:30 AM EDT Reads: 6,247
Join IBM November 2 at 19th Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA, and learn how to go beyond multi-speed it to bring agility to traditional enterprise applications. Technology innovation is the driving force behind modern business and enterprises must respond by increasing the speed and efficiency of software delivery. The challenge is that existing enterprise applications are expensive to develop and difficult to modernize. This often results in what Gartner calls ...
Apr. 30, 2017 02:45 AM EDT Reads: 3,424
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
Apr. 30, 2017 02:45 AM EDT Reads: 1,773
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor – all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
Apr. 30, 2017 02:45 AM EDT Reads: 9,261
The age of Digital Disruption is evolving into the next era – Digital Cohesion, an age in which applications securely self-assemble and deliver predictive services that continuously adapt to user behavior. Information from devices, sensors and applications around us will drive services seamlessly across mobile and fixed devices/infrastructure. This evolution is happening now in software defined services and secure networking. Four key drivers – Performance, Economics, Interoperability and Trust ...
Apr. 30, 2017 01:45 AM EDT Reads: 1,095
“DevOps is really about the business. The business is under pressure today, competitively in the marketplace to respond to the expectations of the customer. The business is driving IT and the problem is that IT isn't responding fast enough," explained Mark Levy, Senior Product Marketing Manager at Serena Software, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Apr. 30, 2017 01:15 AM EDT Reads: 16,433
SYS-CON Events announced today that CollabNet, a global leader in enterprise software development, release automation and DevOps solutions, will be a Bronze Sponsor of SYS-CON's 20th International Cloud Expo®, taking place from June 6-8, 2017, at the Javits Center in New York City, NY. CollabNet offers a broad range of solutions with the mission of helping modern organizations deliver quality software at speed. The company’s latest innovation, the DevOps Lifecycle Manager (DLM), supports Value S...
Apr. 30, 2017 01:15 AM EDT Reads: 1,462
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
Apr. 30, 2017 12:30 AM EDT Reads: 1,033
With billions of sensors deployed worldwide, the amount of machine-generated data will soon exceed what our networks can handle. But consumers and businesses will expect seamless experiences and real-time responsiveness. What does this mean for IoT devices and the infrastructure that supports them? More of the data will need to be handled at - or closer to - the devices themselves.
Apr. 30, 2017 12:15 AM EDT Reads: 1,209
Building a cross-cloud operational model can be a daunting task. Per-cloud silos are not the answer, but neither is a fully generic abstraction plane that strips out capabilities unique to a particular provider. In his session at 20th Cloud Expo, Chris Wolf, VP & Chief Technology Officer, Global Field & Industry at VMware, will discuss how successful organizations approach cloud operations and management, with insights into where operations should be centralized and when it’s best to decentraliz...
Apr. 30, 2017 12:00 AM EDT Reads: 1,104
Translating agile methodology into real-world best practices within the modern software factory has driven widespread DevOps adoption, yet much work remains to expand workflows and tooling across the enterprise. As models evolve from pockets of experimentation into wholescale organizational reinvention, practitioners find themselves challenged to incorporate the culture and architecture necessary to support DevOps at scale. In his session at @DevOpsSummit at 20th Cloud Expo, Anand Akela, Senior...
Apr. 29, 2017 11:15 PM EDT Reads: 2,030