"During this process, Sandalwood Properties Ltd and Quintis Forestry Limited presently intend to continue to perform their roles and, importantly, will continue to maintain the trees under the relevant MIS management agreements. As previously announced by Quintis Ltd, certain Bondholders subscribed for up to US$20 million of additional bonds during November 2017. This funding is sufficient to ensure the Quintis Group can continue to operate on a business as usual basis whilst expressions of interest are sought and any proposed sale or recapitalisation is concluded."