Sustainable Forest Holdings Limited (SEHK:723) entered into a non-binding memorandum of understanding to acquire Guangzhou Tian Lu Property Management Limited Company on January 10, 2013. The proposed transaction is subject to completion of due diligence, satisfaction of closing conditions, board approvals of the parties and signing of the definitive agreement. Under the memorandum of understanding, Sustainable Forest Holdings has exclusive right to proceed with the proposed transaction within six months from the date of signing the memorandum of understanding.