The Toronto-listed company said last week it had been approached by a consortium of Sydney buyout specialist CVC Asia and Macquarie, but Macquarie had now said it would not submit a proposal.
Sino-Forest Corporation made no comment about various other parties it said had made approaches.
Analysts said buying Sino-Forest would give the bidders access to 356,000ha of timber plantations in the world’s fastest-growing paper market.
