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Asian forestry investment fund acquires Laos hardwood plantation

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Published Mon, Apr 3, 2017 · 09:50 PM

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    Singapore

    FORESTRY investment manager New Forests has acquired a majority shareholding in one of the largest hardwood plantation estates in Laos through its Tropical Asia Forest Fund (TAFF), the only institutional forestry fund dedicated to investing in sustainably managed timber plantations in South-east Asia.

    Being a mature plantation, the investment will be able to provide early cashflow, helping to balance TAFF's portfolio, which currently comprises plantations still under development in Sabah and Indonesia, said New Forests CEO David Brand.

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