SC 13G 1 dsc13g.htm SCHEDULE 13G Schedule 13G

CUSIP No. 535925101

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

 

 

Information to be included in statements filed pursuant to Rules 13d-1(b), (c) and (d) and

amendments thereto filed pursuant to Rule 13-2(b)1

 

 

 

Linktone Ltd.


(Name of Issuer)

 

American Depositary Shares, each representing 10 ordinary shares, par value $0.0001 per share


(Title of Class of Securities)

 

 

535925101


                                (CUSIP Number)                                

 

July 21, 2005


(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

¨ Rule 13d-1(b)

 

x Rule 13d-1(c)

 

¨ Rule 13d-1(d)

 

1 The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

No Exhibit Index


CUSIP No. 535925101

 

  1.  

Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only).

 

            Jayhawk China Fund (Cayman), Ltd.

   
  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)

(b)

   
  3.  

SEC Use Only

 

   
  4.  

Citizenship or Place of Organization:

 

            Cayman Islands

   

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

 

  5.    Sole Voting Power –

 

                1,399,313


  6.    Shared Voting Power –

 

                None


  7.    Sole Dispositive Power –

 

                1,399,313


  8.    Shared Dispositive Power –

 

                None

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person –

 

            1,399,313

   
10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

            Not applicable

   
11.  

Percent of Class Represented by Amount in Row (9) –

 

   
        5.4% (based on 256,933,800 ordinary shares, par value $0.0001 of Linktone Ltd. outstanding as of March 31, 2005, as disclosed by Linktone Ltd. in its Current Report on Form 6-K filed with the Securities and Exchange Commission on May 31, 2005)    
12.      

Type of Reporting Person –

 

            CO

   

 

2 of 8 Pages

 

No Exhibit Index


CUSIP No. 535925101

 

  1.  

Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only).

 

            Jayhawk Capital Management, L.L.C.

            (Tax I.D.: 48-1172612)

   
  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)

(b)

   
  3.  

SEC Use Only

 

   
  4.  

Citizenship or Place of Organization :

 

            Delaware

   

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

 

  5.    Sole Voting Power –

 

                1,399,313


  6.    Shared Voting Power –

 

                None


  7.    Sole Dispositive Power. –

 

                1,399,313


  8.    Shared Dispositive Power –

 

                None

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person –

 

            1,399,313

   
10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

            Not applicable

   
11.  

Percent of Class Represented by Amount in Row (9) –

 

   
        5.4% (based on 256,933,800 ordinary shares, par value $0.0001 of Linktone Ltd. outstanding as of March 31, 2005, as disclosed by Linktone Ltd. in its Current Report on Form 6-K filed with the Securities and Exchange Commission on May 31, 2005)    
12.      

Type of Reporting Person –

 

            IA

   

 

3 of 8 Pages

 

No Exhibit Index


CUSIP No. 535925101

 

  1.  

Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only).

 

            Kent C. McCarthy

   
  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)

(b)

   
  3.  

SEC Use Only

 

   
  4.  

Citizenship or Place of Organization :

 

            United States of America

   

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

 

  5.    Sole Voting Power –

 

                1,399,313


  6.    Shared Voting Power –

 

                None


  7.    Sole Dispositive Power. –

 

                1,399,313


  8.    Shared Dispositive Power –

 

                None

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person –

 

            1,399,313

   
10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

            Not applicable

   
11.  

Percent of Class Represented by Amount in Row (9) –

 

   
        5.4% (based on 256,933,800 ordinary shares, par value $0.0001 of Linktone Ltd. outstanding as of March 31, 2005, as disclosed by Linktone Ltd. in its Current Report on Form 6-K filed with the Securities and Exchange Commission on May 31, 2005)    
12.      

Type of Reporting Person –

 

            IN

   

 

4 of 8 Pages

 

No Exhibit Index


CUSIP No. 535925101

 

Item 1.

 

(a)

   Name of Issuer-          
         Linktone Ltd., a company organized under the laws of the Cayman Islands          
   

(b)

   Address of Issuer’s Principal Executive Offices-          
         5/F, No. 689, Beijing Dong Road, Shanghai 200001, People’s Republic of China          

Item 2.

 

(a)

   Name of Person Filing –          
         (1) Jayhawk China Fund (Cayman), Ltd., a Cayman Islands exempted company;          
         (2) Jayhawk Capital Management, L.L.C., a Delaware limited liability company;          
         (3) Kent C. McCarthy          
   

(b)

   Address of Principal Business Office or, if none, Residence-          
         8201 Mission Road, Suite 110, Prairie Village, Kansas 66208          
   

(c)

   Citizenship –          
         (1) Cayman Islands;          
         (2) Delaware;          
         (3) United States of America          
   

(d)

   Title of Class of Securities-          
         American Depositary Shares (“Shares”), each representing 10 ordinary shares, par value $0.0001 per share          
   

(e)

   CUSIP Number-          
         535925101          

Item 3.

  If this statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a: Not applicable     
    (a)    ¨    Broker or dealer registered under section 15 of the Act.
    (b)    ¨    Bank as defined in section 3(a)(6) of the Act.
    (c)    ¨    Insurance company as defined in section 3(a)(19) of the Act.
    (d)    ¨    Investment company registered under section 8 of the Investment Company Act of 1940.
    (e)    ¨    An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
    (f)    ¨    An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);
    (g)    ¨    A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);
    (h)    ¨    A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act;
    (i)    ¨    A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940;
    (j)    ¨    Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

 

5 of 8 Pages

 

No Exhibit Index


CUSIP No. 535925101

 

Item 4.

   Ownership          
     (a)    Jayhawk Capital Management, L.L.C. is the beneficial owner of 1,399,313 Shares of Linktone Ltd., which are held by Jayhawk China Fund (Cayman), Ltd. Jayhawk Capital Management, L.L.C. is the manager and investment advisor for Jayhawk China Fund (Cayman), Ltd. Kent C. McCarthy is the manager of Jayhawk Capital Management, L.L.C. The reporting persons have, within the ordinary course of business, purchased securities of Linktone Ltd. The reporting persons have not acquired securities in Linktone Ltd. with the purpose, nor with the effect of changing or influencing the control of the issuer, nor in connection with or as a participant in any transaction having such purpose or effect. The reporting persons have purchased, and intend to continue to purchase, shares on the open market at prevailing rates.          
     (b)    Percent of class: 5.4% (based on 256,933,800 ordinary shares, par value $0.0001 of Linktone Ltd. outstanding as of March 31, 2005, as disclosed by Linktone Ltd. in its Current Report on Form 6-K filed with the Securities and Exchange Commission on May 31, 2005)          
     (c)    Number of shares as to which the person has:          
          (i)    Sole power to vote or to direct the vote – 1,399,313          
          (ii)    Shared power to vote or to direct the vote - None          
          (iii)    Sole power to dispose or to direct the disposition of – 1,399,313          
          (iv)    Shared power to dispose or to direct the disposition of – None          

Item 5.

   Ownership of Five Percent or Less of a Class     
     If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following  ¨.     

Item 6.

   Ownership of More than Five Percent on Behalf of Another Person.          
     Jayhawk Capital Management, L.L.C. is the manager and investment advisor for Jayhawk China Fund (Cayman), Ltd. Kent C. McCarthy is the manager of Jayhawk Capital Management, L.L.C.          

Item 7.

   Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.
     Not Applicable.

Item 8.

   Identification and Classification of Members of the Group          
     Not Applicable.          

Item 9.

   Notice of Dissolution of Group          
     Not Applicable.          

Item 10.

   Certification          
     By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.          

 

6 of 8 Pages

 

No Exhibit Index


CUSIP No. 535925101

 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

   

August 1, 2005


    Date
    JAYHAWK CAPITAL MANAGEMENT, L.L.C.
By:  

/s/ Kent Charles McCarthy


    Kent Charles McCarthy
    Managing Member of Jayhawk Capital Management, L.L.C.
    JAYHAWK CHINA FUND (CAYMAN), LTD.
By:  

/s/ Kent Charles McCarthy


    Kent Charles McCarthy
    Managing Member of Jayhawk Capital Management, L.L.C.,
    Manager of Jayhawk China Fund (Cayman), Ltd.
   

/s/ Kent Charles McCarthy


    Kent Charles McCarthy

 

7 of 8 Pages

 

No Exhibit Index


CUSIP No. 535925101

 

Exhibit 1

 

JOINT FILING AGREEMENT

 

In accordance with Rule 13d-1(k) under the Securities and Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of them of a statement on Schedule 13G (including amendments thereto) with respect to the American Depositary Shares, each representing 10 ordinary shares, par value $0.0001 per share, of Linktone Ltd.; and further agree that this Joint Filing Agreement be included as Exhibit 1. In evidence thereof, the undersigned hereby execute this Agreement this 1st day of August, 2005.

 

JAYHAWK CAPITAL MANAGEMENT, L.L.C.
By  

/s/ Kent Charles McCarthy


    Kent Charles McCarthy
    Managing Member of Jayhawk Capital Management, L.L.C.
JAYHAWK CHINA FUND (CAYMAN), LTD.
By  

/s/ Kent Charles McCarthy


    Kent Charles McCarthy
    Managing Member of Jayhawk Capital Management, L.L.C.
    Manager of Jayhawk China Fund (Cayman), Ltd.

/s/ Kent Charles McCarthy


Kent Charles McCarthy

 

8 of 8 Pages

 

No Exhibit Index