-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DNpRRW0jCv/QcTY0WnwVwX7R6MSw0OwRwpQ1y/ldQyqhKkEfgpS0jchThHgnPni1 5T/N7aQbPDRwCUZRx/Uncg== 0001019056-08-001228.txt : 20081021 0001019056-08-001228.hdr.sgml : 20081021 20081021142933 ACCESSION NUMBER: 0001019056-08-001228 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20081021 DATE AS OF CHANGE: 20081021 GROUP MEMBERS: ADAM BENOWITZ GROUP MEMBERS: VCAF GP, LLC GROUP MEMBERS: VISION CAPITAL ADVANTAGE FUND, L.P. GROUP MEMBERS: VISION CAPITAL ADVISORS, LLC GROUP MEMBERS: VISION OPPORTUNITY CHINA FUND LIMITED GROUP MEMBERS: VISION OPPORTUNITY CHINA GP LIMITED GROUP MEMBERS: VISION OPPORTUNITY CHINA LP GROUP MEMBERS: VISION OPPORTUNITY MASTER FUND, LTD. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: China Bio Energy Holding Group Co., Ltd. CENTRAL INDEX KEY: 0001070045 STANDARD INDUSTRIAL CLASSIFICATION: PETROLEUM REFINING [2911] IRS NUMBER: 650854589 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-79157 FILM NUMBER: 081133178 BUSINESS ADDRESS: STREET 1: 6689 NW 16TH TERRACE STREET 2: -- CITY: FT. LAUDERDALE STATE: FL ZIP: 33309 BUSINESS PHONE: 954-978-9090 MAIL ADDRESS: STREET 1: 6689 NW 16TH TERRACE STREET 2: -- CITY: FT. LAUDERDALE STATE: FL ZIP: 33309 FORMER COMPANY: FORMER CONFORMED NAME: INTERNATIONAL IMAGING SYSTEMS INC DATE OF NAME CHANGE: 20031113 FORMER COMPANY: FORMER CONFORMED NAME: A M S MARKETING INC DATE OF NAME CHANGE: 19990218 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: VISION CAPITAL ADVISORS, LLC CENTRAL INDEX KEY: 0001411962 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 20 WEST 55TH STREET STREET 2: 5TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 212-849-8242 MAIL ADDRESS: STREET 1: 20 WEST 55TH STREET STREET 2: 5TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 SC 13G/A 1 chinabio_13ga1.txt SC 13G/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1)* China Bio Energy Holding Group Co., Ltd. ------------------------------------------------------- (Name of Issuer) Common Stock, par value $0.0001 ------------------------------------------------------- (Title of Class of Securities) 16936N104 ------------------------------------------------------- (CUSIP Number) October 14, 2008 ------------------------------------------------------- (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) * 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). CUSIP No. 16936N104 1. Names of Reporting Persons I.R.S. Identification Nos. of above persons (entities only) Adam Benowitz 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ] (b) [X] 3. SEC Use Only 4. Citizenship or Place of Organization United States NUMBER OF 5. SOLE VOTING POWER 0 SHARES BENEFICIALLY 6. SHARED VOTING POWER 2,804,939 OWNED BY EACH REPORTING 7. SOLE DISPOSITIVE POWER 0 PERSON WITH: 8. SHARED DISPOSITIVE POWER 2,804,939 9. Aggregate Amount Beneficially Owned by Each Reporting Person 2,804,939 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] 11. Percent of Class Represented by Amount in Row (9) 9.99% 12. Type of Reporting Person (See Instructions) IN 2 CUSIP No. 16936N104 1. Names of Reporting Persons I.R.S. Identification Nos. of above persons (entities only) Vision Capital Advisors, LLC (formerly known as Vision Opportunity Capital Management, LLC) 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ] (b) [X] 3. SEC Use Only 4. Citizenship or Place of Organization Delaware NUMBER OF 5. SOLE VOTING POWER 0 SHARES BENEFICIALLY 6. SHARED VOTING POWER 2,804,939 OWNED BY EACH REPORTING 7. SOLE DISPOSITIVE POWER 0 PERSON WITH: 8. SHARED DISPOSITIVE POWER 2,804,939 9. Aggregate Amount Beneficially Owned by Each Reporting Person 2,804,939 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] 11. Percent of Class Represented by Amount in Row (9) 9.99% 12. Type of Reporting Person (See Instructions) IA 3 CUSIP No. 16936N104 1. Names of Reporting Persons I.R.S. Identification Nos. of above persons (entities only) Vision Capital Advantage Fund, L.P. 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ] (b) [X] 3. SEC Use Only 4. Citizenship or Place of Organization Delaware NUMBER OF 5. SOLE VOTING POWER 0 SHARES BENEFICIALLY 6. SHARED VOTING POWER See Item 4 OWNED BY EACH REPORTING 7. SOLE DISPOSITIVE POWER 0 PERSON WITH: 8. SHARED DISPOSITIVE POWER See Item 4 9. Aggregate Amount Beneficially Owned by Each Reporting Person See Item 4 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] 11. Percent of Class Represented by Amount in Row (9) See Item 4 12. Type of Reporting Person (See Instructions) PN 4 CUSIP No. 16936N104 1. Names of Reporting Persons I.R.S. Identification Nos. of above persons (entities only) VCAF GP, LLC 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ] (b) [X] 3. SEC Use Only 4. Citizenship or Place of Organization Delaware NUMBER OF 5. SOLE VOTING POWER 0 SHARES BENEFICIALLY 6. SHARED VOTING POWER See Item 4 OWNED BY EACH REPORTING 7. SOLE DISPOSITIVE POWER 0 PERSON WITH: 8. SHARED DISPOSITIVE POWER See Item 4 9. Aggregate Amount Beneficially Owned by Each Reporting Person See Item 4 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] 11. Percent of Class Represented by Amount in Row (9) See Item 4 12. Type of Reporting Person (See Instructions) OO 5 CUSIP No. 16936N104 1. Names of Reporting Persons I.R.S. Identification Nos. of above persons (entities only) Vision Opportunity Master Fund, Ltd. 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ] (b) [X] 3. SEC Use Only 4. Citizenship or Place of Organization Cayman Islands NUMBER OF 5. SOLE VOTING POWER 0 SHARES BENEFICIALLY 6. SHARED VOTING POWER See Item 4 OWNED BY EACH REPORTING 7. SOLE DISPOSITIVE POWER 0 PERSON WITH: 8. SHARED DISPOSITIVE POWER See Item 4 9. Aggregate Amount Beneficially Owned by Each Reporting Person See Item 4 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] 11. Percent of Class Represented by Amount in Row (9) See Item 4 12. Type of Reporting Person (See Instructions) CO 6 CUSIP No. 16936N104 1. Names of Reporting Persons I.R.S. Identification Nos. of above persons (entities only) Vision Opportunity China Fund Limited 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ] (b) [X] 3. SEC Use Only 4. Citizenship or Place of Organization Guernsey NUMBER OF 5. SOLE VOTING POWER 0 SHARES BENEFICIALLY 6. SHARED VOTING POWER See Item 4 OWNED BY EACH REPORTING 7. SOLE DISPOSITIVE POWER 0 PERSON WITH: 8. SHARED DISPOSITIVE POWER See Item 4 9. Aggregate Amount Beneficially Owned by Each Reporting Person See Item 4 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] 11. Percent of Class Represented by Amount in Row (9) See Item 4 12. Type of Reporting Person (See Instructions) CO 7 CUSIP No. 16936N104 1. Names of Reporting Persons I.R.S. Identification Nos. of above persons (entities only) Vision Opportunity China LP 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ] (b) [X] 3. SEC Use Only 4. Citizenship or Place of Organization Guernsey NUMBER OF 5. SOLE VOTING POWER 0 SHARES BENEFICIALLY 6. SHARED VOTING POWER See Item 4 OWNED BY EACH REPORTING 7. SOLE DISPOSITIVE POWER 0 PERSON WITH: 8. SHARED DISPOSITIVE POWER See Item 4 9. Aggregate Amount Beneficially Owned by Each Reporting Person See Item 4 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] 11. Percent of Class Represented by Amount in Row (9) See Item 4 12. Type of Reporting Person (See Instructions) PN 8 CUSIP No. 16936N104 1. Names of Reporting Persons I.R.S. Identification Nos. of above persons (entities only) Vision Opportunity China GP Limited 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ] (b) [X] 3. SEC Use Only 4. Citizenship or Place of Organization Guernsey NUMBER OF 5. SOLE VOTING POWER 0 SHARES BENEFICIALLY 6. SHARED VOTING POWER See Item 4 OWNED BY EACH REPORTING 7. SOLE DISPOSITIVE POWER 0 PERSON WITH: 8. SHARED DISPOSITIVE POWER See Item 4 9. Aggregate Amount Beneficially Owned by Each Reporting Person See Item 4 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] 11. Percent of Class Represented by Amount in Row (9) See Item 4 12. Type of Reporting Person (See Instructions) CO 9 Item 1. (a) The name of the issuer is China Bio Energy Holding Group Co., Ltd. (the "Issuer"). (b) The principal executive offices of the Issuer are located at Dongxin Century Square, 7th Floor, Hi-Tech Development District, Xi'an, Shaanxi Province, People's Republic of China, 710043. Item 2. (a) This Statement is being filed by (i) Vision Opportunity Master Fund, Ltd., a Cayman Islands company ("Master Fund"), (ii) Vision Capital Advantage Fund, L.P., a Delaware limited partnership ("VCAF"), (iii) VCAF GP, LLC, a Delaware limited liability company ("VCAF GP"), which serves as VCAF's general partner, (iv) Vision Opportunity China LP, a limited partnership organized under the laws of Guernsey ("China Fund" and, together with the Master Fund and VCAF, the "Funds"), (v) Vision Opportunity China GP Limited, a corporate entity organized under the laws of Guernsey ("China Fund GP"), which serves as the general partner of the China Fund, (vi) Vision Opportunity China Fund Limited, a corporate entity organized under the laws of Guernsey ("China Fund Ltd."), which controls the China Fund GP, (vii) Vision Capital Advisors, LLC, a Delaware limited liability company (formerly known as Vision Opportunity Capital Management, LLC) ("Investment Manager"), which serves as the investment manager to the Master Fund, VCAF and China Fund Ltd., and (viii) Adam Benowitz, the Managing Member of each of the Investment Manager and VCAF GP (all of the foregoing, collectively, the "Filers"). Each Fund is an investment vehicle formed for the purpose of investing and trading in a wide variety of securities and financial instruments. The Master Fund, VCAF and the China Fund directly own all of the respective shares reported in this Statement. Mr. Benowitz and the Investment Manager (and VCAF GP, with respect to the shares owned by VCAF, and the China Fund GP and the China Fund Ltd., with respect to the shares owned by the China Fund) may be deemed to share with the Master Fund, VCAF and the China Fund voting and dispositive power with respect to such shares. Each Filer disclaims beneficial ownership with respect to any shares other than those owned directly by such Filer. (b) The principal business office of the Master Fund is: c/o Citi Hedge Fund Services (Cayman) Limited P.O. Box 1748 Cayman Corporate Centre 27 Hospital Road, 5th Floor Grand Cayman KY1-1109 Cayman Islands The principal business office of each of VCAF, VCAF GP, the Investment Manager and Mr. Benowitz is: 20 West 55th Street, 5th Floor New York, New York 10019 USA 10 The principal business office of each of the China Fund, the China Fund GP and the China Fund Ltd. is: Suites 13 and 15 Sarnia House Le Truchot St Peter Port Guernsey GY1 4NA (c) For citizenship information see Item 4 of the cover page of each Filer. (d) This Statement relates to the Common Stock, par value $0.0001 per share, of the Issuer (the "Common Stock"). (e) The CUSIP Number of the Common Stock is listed on the cover pages hereto. Item 3. If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) [ ] An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (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 (15 U.S.C. 80a-3); (j) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(J). Not applicable. Item 4. Ownership. The Master Fund, VCAF and the China Fund, collectively, (i) own 1,886,569 shares of Common Stock, (ii) have the ability to acquire an additional 918,370 shares of Common Stock within 60 days through the exercise or conversion of derivative securities and (iii) thus beneficially own 2,804,939 shares of Common Stock, representing 9.99% of all of the Issuer's outstanding Common Stock. The foregoing is based on (i) 25,454,545 shares of Common Stock outstanding as of August 14, 2008, as reported on the Issuer's Quarterly Report on Form 10-Q filed on August 14, 2008, and (ii) an additional 1,704,546 shares of Common Stock that were issued to the Master Fund and VCAF on October 15, 2008 pursuant to exercises of warrants. 11 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: [ ] Not applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. 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. (a) Not applicable. (b) 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. 12 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. Dated: October 21, 2008 ADAM BENOWITZ VISION CAPITAL ADVISORS, LLC VISION OPPORTUNITY MASTER FUND, LTD. VCAF GP, LLC VISION CAPITAL ADVANTAGE FUND, L.P. By: /s/ Adam Benowitz ------------------------------------- Adam Benowitz, for himself, as Managing Member of the Investment Manager, as Managing Member of VCAF GP (for itself and on behalf of VCAF), and as a Director of the Master Fund VISION OPPORTUNITY CHINA LP VISION OPPORTUNITY CHINA GP LIMITED VISION OPPORTUNITY CHINA FUND LIMITED By: /s/ David Benway ------------------------------------- David Benway, as a Director of the China Fund GP (for itself and as general partner of the China Fund) and the China Fund Ltd. 13 EXHIBIT INDEX Exhibit No. Document - ----------- ---------------------- 1 Joint Filing Agreement Exhibit 1 JOINT FILING AGREEMENT In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of a statement on Schedule 13G (including amendments thereto) with respect to the Common Stock, par value $0.0001 per share, of China Bio Energy Holding Group Co., Ltd., and further agree that this Joint Filing Agreement be included as an Exhibit to such joint filing. In evidence thereof, the undersigned hereby execute this Agreement. Dated: October 21, 2008 ADAM BENOWITZ VISION CAPITAL ADVISORS, LLC VISION OPPORTUNITY MASTER FUND, LTD. VCAF GP, LLC VISION CAPITAL ADVANTAGE FUND, L.P. By: /s/ Adam Benowitz ------------------------------------- Adam Benowitz, for himself, as Managing Member of the Investment Manager, as Managing Member of VCAF GP (for itself and on behalf of VCAF), and as a Director of the Master Fund VISION OPPORTUNITY CHINA LP VISION OPPORTUNITY CHINA GP LIMITED VISION OPPORTUNITY CHINA FUND LIMITED By: /s/ David Benway ------------------------------------- David Benway, as a Director of the China Fund GP (for itself and as general partner of the China Fund) and the China Fund Ltd. -----END PRIVACY-ENHANCED MESSAGE-----