Sino-Forest Unit Greenheart Receives Buyout Offer From Emerald
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Greenheart Group, a unit of Sino-Forest Corp., received a HK$165 million ($21 million) offer from Emerald Plantation Group Ltd. for the shares it doesn’t own in the lumber supplier.
Emerald Plantation offered 58 Hong Kong cents a share to buy Greenheart stock it doesn’t already own, it said in a filing to the Hong Kong stock exchange.