September 20, 2014 11:22 PM ET

Paper and Forest Products

Company Overview of Cathay Forest Products Corp.

Company Overview

Cathay Forest Products Corp., through its subsidiaries, engages in the development of tree plantations, sub-concession of harvesting rights, and trading of logs in the People’s Republic of China. It also involves in the forest harvesting operations in the Russian Federation. In addition, the company holds interests in a roundwood importing operation; and has an investment interest in a Jatropha based biodiesel operation based in China. As of June 30, 2010, it had approximately 14,610 hectares planted under management; approximately 5,173 hectares of standing timber assets in Jiangxi Province; managed approximately 6,996 hectares in Guizhou Province; and controlling interest in 271,000 hectar...

30 Wertheim Court

Suite 14

Richmond Hill, ON L4B 1B9






Key Executives for Cathay Forest Products Corp.

Chief Operating Officer
Senior Vice President and General Manager of Russia Operations
Director of Restructuring
Operations Manager
Compensation as of Fiscal Year 2014.

Cathay Forest Products Corp. Key Developments

Cathay Forest Products Corp. Enters into Agreement to Settle the Proposed Class Action Litigation

Cathay Forest Products Corp. announced that it and others have entered into an agreement to settle the proposed class action litigation previously brought in the Ontario Superior Court of Justice by Mac Killoran and originally disclosed by the company in a news release dated September 12, 2011. The settlement agreement is subject to approval by the Ontario Superior Court of Justice. If approved, the settlement will have a value of CAD 1.9 million to class members, before deductions for legal fees and expenses to administer the settlement. The payment of such amount will be funded by the company's insurer.

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