Sino-Forest Corporation (SNOFF)

[candeeman]

Richard Chandler Corporation Announces Further Investment in Sino-Forest Corporation

TORONTO, July 27, 2011 /CNW/ - The Richard Chandler Corporation announced today that Mandolin Fund Pte Limited ("Mandolin") has, on 26 July 2011, acquired beneficial ownership of 5,330,000 common shares (the "Acquired Shares") of Sino-Forest Corporation (the "Company"), which represent approximately 2.17% of the issued and outstanding common shares of the Company. Together with the common shares owned by Mandolin prior to this acquisition, Mandolin's shareholding in the Company is an aggregate of 36,784,200 common shares, which represent approximately 14.95% of the issued and outstanding common shares of the Company. The Acquired Shares were purchased on the Toronto Stock Exchange at an average price of C$7.3639 per common share.

Source: http://www.newswire.ca/en/releases/archive/July2011/27/c7750.html