The Development Project of Forest Resources, the Democratic Republic of the Congo

Project Number	CG20100621001
Project Name	The Development Project of Forest Resources, the Democratic Republic of the Congo
Transfer Property （%）	12%
Price	45(M Dollars)(M RMB)
Publication Period	2010-07-21 - 2010-12-31
Industry	Forestry
Region	Ingende Region ,Equateur Province, the Democratic Republic of the Congo
Profile(and less than 1000 characters)	Tree-mountain New Forest company, an import and export corporation engaged in industry, forest harvesting, timber processing and sales and relevant equipment, was established in 2001 with registered capital totaling 250,000 U.S. dollars. It has been granted the business licenses and operation permit of forest harvesting, timber processing and import & export by the government of Democratic Republic of Congo. The company has 25 years of concession of 188,672 hectares of forest resources at Equateur province in DRC (with the contract with government valid until October 2030, could be extended for another 25 years);The total growing stock is 50,923,000m3 with unit forest growing stock of 270m3/hm2 and total precious species is 7,689,000m3. Timber types include 256 species such as wenge、paduk、sapeli、irok、longhi、afromosia etc. The assessed market value of forest area was 3.132 billion U.S. dollars. Structure of the investment would include normal investment covenants and control of application of funds. Funds are to be delivered in Hong Kong or the US as the investors and Listor may agree. Financing Price:45(M U.S. Dollars, equivalent to 30,000,000 shares)
Contact	Julia Chen Tel: 62030037 Fax: 620300116
From	CHINAFOREST

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