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723 On Other Exchanges
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sustainable forest holdings (723) Snapshot

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sustainable forest holdings (723) Details

Sustainable Forest Holdings Limited, an investment holding company, operates as a sustainable forest management company in Hong Kong, other countries in the Asia Pacific, North America, and South America. It is engaged in the sustainable management of and investment in natural forests; timber and wood processing; and trade and sale of forestry and timber products. The company is also involved in the manufacture and sale of timber products, including wooden doors, furniture, and wooden floor panels; and leasing of properties, as well as offers human resource management services. In addition, it is involved in the travel and travel related business, which include sale of air-tickets, hotel accommodation, and other travel related products. The company was formerly known as Bright Prosperous Holdings Limited and changed its name to Sustainable Forest Holdings Limited in November 2009. Sustainable Forest Holdings Limited is headquartered in Central, Hong Kong.

22 Employees
Last Reported Date: 12/24/14

sustainable forest holdings (723) Top Compensated Officers

Chief Financial Officer
Total Annual Compensation: $3.6M
President of China Operations
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

sustainable forest holdings (723) Key Developments

Asset Bridge Development Limited Enters into Loan Agreement with Sustainable Forest Holdings Limited

The Board announced that, on 10 February 2015, Asset Bridge Development Limited (lender) entered into the loan agreement with Sustainable Forest Holdings Limited (borrower) pursuant to which the lender agreed to grant to the borrower, an Independent Third Party, a loan in the principal amount of HKD 45,000,000, among which HKD 37,000,000 and HKD 8,000,000 bear interest at rates of 10.5% per annum and 11.0% per annum, respectively, and for a term of 5 calendar months from the date of drawdown.

Sustainable Forest Holdings Limited Reports Unaudited Consolidated Cash Flow Results for the Six Months Ended September 30, 2014

Sustainable Forest Holdings Limited reported unaudited consolidated cash flow results for the six months ended September 30, 2014. For the six months, the company reported net cash used in operating activities of HKD 4,212,000 compared to net cash used in operating activities of HKD 5,914,000 for the same period a year ago.

Sustainable Forest Holdings Limited Announces Unaudited Consolidated Earnings Results for the Six Months Ended September 30, 2014

Sustainable Forest Holdings Limited announced unaudited consolidated earnings results for the six months ended September 30, 2014. For the period, the company reported revenue of HKD 3,747,000 compared to HKD 26,450,000 a year ago. Loss from operations was HKD 18,873,000 compared to HKD 117,348,000 a year ago. Loss before taxation was HKD 19,331,000 compared to HKD 119,098,000 a year ago. Loss for the period attributable to owners of the company was HKD 19,332,000 or 0.782 cents per basic and diluted share compared to HKD 89,254,000 or 5.047 cents per basic and diluted share a year ago.


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