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Cathay Forest Clarifies Poyry Forestry Valuation Report.
Marketwire Canada
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November 10, 2009
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COPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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TORONTO, ONTARIO, Nov 10, 2009 (Marketwire via COMTEX) -- Cathay Forest Products Corp., ("Cathay Forest") (TSX VENTURE:CFZ) recently released a forest valuation report prepared by Poyry Forest Industry Consulting Ltd ("Poyry"), an international forestry consulting firm. The report was commissioned by Cathay Forest to provide an independent assessment of the entire managed forestry assets portfolio, which includes the minority interest of Cathay Forest's various business partners. Cathay Forest's interests in its forestry operating subsidiaries is described below.
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