-----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, SuHA3AaEDmB2PQ98yIwzo2XRvEp98Lc/4Gab3Ne6oQnZ3dy2Mw6YCdpNWXApNyqa oDh9RVuEIDr44vbi5ogzsw== 0000950134-04-019841.txt : 20041223 0000950134-04-019841.hdr.sgml : 20041223 20041223135022 ACCESSION NUMBER: 0000950134-04-019841 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20041223 DATE AS OF CHANGE: 20041223 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CHARDAN CHINA ACQUISITION CORP CENTRAL INDEX KEY: 0001275567 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 200456115 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-79766 FILM NUMBER: 041223583 MAIL ADDRESS: STREET 1: 777 SOUTH HIGHWAY 101 STE 215 CITY: SOLANA BEACH STATE: CA ZIP: 92075 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Sapling, LLC CENTRAL INDEX KEY: 0001299959 IRS NUMBER: 201337773 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 535 FIFTH AVENUE STREET 2: 31ST FLOOR CITY: NEW YORK STATE: NY ZIP: 10003 BUSINESS PHONE: (212)559-0090 MAIL ADDRESS: STREET 1: 535 FIFTH AVENUE STREET 2: 31ST FLOOR CITY: NEW YORK STATE: NY ZIP: 10003 SC 13G 1 d21183sc13g.htm SCHEDULE 13G sc13g
 



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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, DC 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 13d-2(b)

CHARDAN CHINA ACQUISITION CORP.


(Name of Issuer)

Common Stock, par value $.0001 per share


(Title of Class of Securities)

159569102


(CUSIP Number)

December 21, 2004


(Date of Event Which Requires Filing of this Statement)

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

     o Rule 13d-1(b)

     x Rule 13d-1(c)

     o Rule 13d-1(d)



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13G
CUSIP No. 159569102

  1. Name of Reporting Person:
Sapling, LLC
I.R.S. Identification Nos. of above persons (entities only):

  2. Check the Appropriate Box if a Member of a Group:
    (a) o  
    (b) o  

  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:
0

6. Shared Voting Power:
480,000

7. Sole Dispositive Power:
0

8.Shared Dispositive Power:
480,000

  9.Aggregate Amount Beneficially Owned by Each Reporting Person:
480,000

  10.Check if the Aggregate Amount in Row (9) Excludes Certain Shares:
o

  11.Percent of Class Represented by Amount in Row (9):
9.8%

  12.Type of Reporting Person:*
OO

*SEE INSTRUCTIONS BEFORE FILLING OUT

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SCHEDULE 13G

     This Schedule 13G (the “Schedule 13G”) is being filed on behalf of Sapling, LLC, a Delaware limited liability company (“Sapling”), relating to shares of common stock of Chardan China Acquisition Corp., a Delaware corporation (the “Issuer”), purchased by Sapling. Fir Tree Value Master Fund, LP, a Cayman Islands exempted limited partnership (“Fir Tree Master”), is the sole member of Sapling and Fir Tree, Inc., a New York corporation (“Fir Tree”), is the manager of Sapling.

         
Item 1(a)
  Name of Issuer.
 
       
  Chardan China Acquisition Corp.
 
       
Item 1(b)
  Address of Issuer’s Principal Executive Offices.
 
       
  625 Broadway
Suite 1111
San Diego, California 92101
 
       
Item 2(a)
  Name of Person Filing.
 
       
  Sapling, LLC
 
       
Item 2(b)
  Address of Principal Business Office.
 
       
  535 Fifth Avenue
31st Floor
New York, New York 10017
 
       
Item 2(c)
  Place of Organization.
 
       
  Sapling is a Delaware limited liability company.
 
       
Item 2(d)
  Title of Class of Securities.
 
       
  Common Stock, par value $.0001 per share (the “Common Stock”).
 
       
Item 2(e)
  CUSIP Number.
 
       
  159569102
 
       
Item 3
  Reporting Person.
 
       
  The person filing is not listed in Items 3(a) through 3(j).

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Item 4
  Ownership.
 
       
  (a)   Sapling is the beneficial owner (as defined in Rule 13d-3) of 480,000 shares of Common Stock.
 
       
  (b)   Sapling is the beneficial owner (as defined in Rule 13d-3) of 9.8% of the outstanding shares of Common Stock. This percentage is determined by dividing the number of shares beneficially held by 4,900,000, the number of shares of Common Stock issued and outstanding as of November 19, 2004, as reported in the Issuer’s most recent current report on Form 10-QSB dated November 22, 2004.
 
       
  (c)   Sapling may direct the vote and disposition of the 480,000 shares of Common Stock.
 
       
     
Item 5
Ownership of Five Percent or Less of a Class.
 
   
Inapplicable.
 
   
Item 6
Ownership of More Than Five Percent on Behalf of Another Person.
 
   
Fir Tree Master, as the sole member of Sapling, has the right to receive dividends from and the proceeds from the sale of the Common Stock.
 
   
Item 7
Identification and Classification of the Subsidiary which Acquired the Security Being Reported On by the Parent Holding Company.
 
   
Inapplicable.
 
   
Item 8
Identification and Classification of Members of the Group.
 
   
Inapplicable.
 
   
Item 9
Notice of Dissolution of Group.
 
   
Inapplicable.
 
   
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.

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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.

Date: December 23, 2004
         
  SAPLING, LLC
 
 
  By:   FIR TREE, INC., its Manager    
 
    By:/s/ Jeffery Tannenbaum   
 
    Name: Jeffrey Tannenbaum
Title: President 
 

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