-----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, NMuAEXw5m7VvTQjlZ79hYH0NcCf6gRZPrWgycJmFi6fkKONp/Iu35/6ZTu1ecTzL ubA7Pat5SCmyzOz7Tm66KQ== 0000950134-07-022053.txt : 20071026 0000950134-07-022053.hdr.sgml : 20071026 20071026151416 ACCESSION NUMBER: 0000950134-07-022053 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20071026 DATE AS OF CHANGE: 20071026 GROUP MEMBERS: FIR TREE RECOVERY MASTER FUND LP GROUP MEMBERS: SAPLING LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: STONE TAN CHINA ACQUISITION CORP. CENTRAL INDEX KEY: 0001390332 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 208387484 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-83201 FILM NUMBER: 071193314 BUSINESS ADDRESS: STREET 1: 9191 TOWNE CENTER DRIVE STREET 2: SUITE 410 CITY: SAN DIEGO STATE: CA ZIP: 92122 BUSINESS PHONE: 858-450-1505 MAIL ADDRESS: STREET 1: 9191 TOWNE CENTER DRIVE STREET 2: SUITE 410 CITY: SAN DIEGO STATE: CA ZIP: 92122 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FIR TREE INC CENTRAL INDEX KEY: 0001056491 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 505 FIFTH AVENUE STREET 2: 23RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2123983500 MAIL ADDRESS: STREET 1: 505 FIFTH AVENUE STREET 2: 23RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 SC 13G 1 d50798sc13g.htm SCHEDULE 13G sc13g
 

 
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

(Rule 13d-102)

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)

Stone Tan China Acquisition Corp.
(Name of Issuer)
Common Stock, par value $0.0001
(Title of Class of Securities)
861752202
(Cusip Number)
October 16, 2007
(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)

     þ Rule 13d-1(c)

     o Rule 13d-1(d)

 
 

1


 

                     
CUSIP No.
 
861752202 
 
13G

 

           
1   NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
   
  Sapling, LLC
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o
  (b)   o
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Delaware
       
  5   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   1,970,700
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH 8   SHARED DISPOSITIVE POWER
     
    1,970,700
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  1,970,700
     
10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  5.1%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  OO

2


 

                     
CUSIP No.
 
861752202 
 
13G

 

           
1   NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
   
  Fir Tree Recovery Master Fund, L.P.
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o
  (b)   o
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Cayman Islands
       
  5   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   379,300
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH 8   SHARED DISPOSITIVE POWER
     
    379,300
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  379,300
     
10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  1.0%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  PN

3


 

                     
CUSIP No.
 
861752202 
 
13G

 

           
1   NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
   
  Fir Tree, Inc.
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o
  (b)   o
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  New York
       
  5   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   2,350,000
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH 8   SHARED DISPOSITIVE POWER
     
    2,350,000
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  2,350,000
     
10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  6.1%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  CO

4


 

SCHEDULE 13G
     This Schedule 13G (the “Schedule 13G”) is being filed on behalf of Sapling, LLC, a Delaware limited liability company (“Sapling”), Fir Tree Recovery Master Fund, L.P., a Cayman Islands exempted limited partnership (“Fir Tree Recovery”) and Fir Tree, Inc., a New York corporation (“Fir Tree”), relating to common stock, par value $0.0001 (the “Common Stock”) of Stone Tan China Acquisition Corp., a Delaware corporation (the “Issuer”), purchased by Sapling and Fir Tree Recovery. Fir Tree Value Master Fund, LP, a Cayman Islands exempted limited partnership (“Fir Tree Value”), is the sole member of Sapling, and Fir Tree is the investment manager of both Sapling and Fir Tree Recovery.
     
Item 1(a)
  Name of Issuer.
 
   
 
  Stone Tan China Acquisition Corp.
 
   
Item 1(b)
  Address of Issuer’s Principal Executive Offices.
 
   
 
  Suite 1A, 11th Floor, Tower 1
 
  China Hong Kong City
 
  33 Canton Road
 
  Kowloon, Hong Kong
 
   
Item 2(a)
  Name of Person Filing.
Item 2(b)
  Address of Principal Business Office.
Item 2(c)
  Place of Organization.
 
   
 
  Fir Tree, Inc.
 
  505 Fifth Avenue
 
  23rd Floor
 
  New York, New York 10017
 
  A New York corporation
 
   
 
  Sapling, LLC
 
  505 Fifth Avenue
 
  23rd Floor
 
  New York, New York 10017
 
  A Delaware limited liability company
 
   
 
  Fir Tree Recovery Master Fund, L.P.
 
  c/o Admiral Administration Ltd.
 
  Admiral Financial Center, 5th Floor
 
  90 Fort Street, Box 32021 SMB
 
  Grand Cayman, Cayman Islands
 
  A Cayman Islands exempted limited partnership

5


 

Fir Tree, Inc. is the investment manager for each of Sapling and Fir Tree Recovery and has been granted investment discretion over portfolio investments, including the Common Stock (as defined below), held by each of them.
         
Item 2(d)   Title of Class of Securities.
 
       
    common stock, par value $0.0001 (the “Common Stock”)
 
       
Item 2(e)   CUSIP Number.
 
       
    861752202
 
       
Item 3   Reporting Person.
 
       
    The person filing is not listed in Items 3(a) through 3(j).
 
       
Item 4   Ownership.
 
       
 
  (a)   Sapling and Fir Tree Recovery are the beneficial owners of 1,970,700 shares of Common Stock and 379,300 shares of Common Stock, respectively. Fir Tree may be deemed to beneficially own the shares of Common Stock held by Sapling and Fir Tree Recovery as a result of being the investment manager of Sapling and Fir Tree Recovery.
 
       
 
  (b)   Sapling and Fir Tree Recovery are the beneficial owners of 5.1% and 1.0%, respectively, of the outstanding shares of Common Stock. Collectively, the Reporting Persons beneficially own 2,350,000 shares of Common Stock which represent 6.1% of the shares of Common Stock outstanding. These percentages are determined by dividing the number of shares of Common Stock beneficially held by 38,625,000, the number of shares of Common Stock issued and outstanding according to the Issuer’s form 8-K filed with the Securities and Exchange Commission on October 25, 2007.
 
       
 
  (c)   Sapling may direct the vote and disposition of 1,970,700 shares of Common Stock. Fir Tree Recovery may direct the vote and disposition of 379,300 shares of Common Stock. Fir Tree has been granted investment discretion over the Common Stock held by Sapling and Recovery.
 
       
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 Value, as the sole member of Sapling, has the right to receive dividends from and the proceeds from the sale of the shares of Common Stock.

6


 

     
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.

7


 

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: October 26, 2007
                 
    SAPLING, LLC
 
               
    By:   FIR TREE, INC., its Manager
 
               
 
      By:   /s/ Jeffrey Tannenbaum    
 
               
        Name: Jeffrey Tannenbaum
        Title: President
 
               
    FIR TREE RECOVERY MASTER FUND, L.P.
 
               
    By:   FIR TREE, INC., its Manager
 
               
 
      By:   /s/ Jeffrey Tannenbaum    
 
               
        Name: Jeffrey Tannenbaum
        Title: President
 
               
    FIR TREE, INC.
 
               
    By:   /s/ Jeffrey Tannenbaum    
             
    Name: Jeffrey Tannenbaum
    Title: President

8

EX-99.1 2 d50798exv99w1.htm JOINT FILING AGREEMENT exv99w1
 

EXHIBIT 1
JOINT FILING AGREEMENT
     In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the undersigned agree to the joint filing on behalf of each of them of a Statement on Schedule 13G (including any and all amendments thereto) with respect to the shares of Common Stock of Stone Tan China Acquisition Corp., a Delaware corporation, and further agree that this Joint Filing Agreement shall be included as an Exhibit to such joint filings.
     The undersigned further agree that each party hereto is responsible for the timely filing of such Statement on Schedule 13G and any amendments thereto, and for the accuracy and completeness of the information concerning such party contained therein; provided, however, that no party is responsible for the accuracy or completeness of the information concerning any other party, unless such party knows or has reason to believe that such information is inaccurate.
     This Joint Filing Agreement may be signed in counterparts with the same effect as if the signature on each counterpart were upon the same instrument.
     IN WITNESS WHEREOF, the undersigned have executed this Agreement as of October 26, 2007.
                 
    SAPLING, LLC
 
               
    By:   FIR TREE, INC., its Manager
 
               
 
      By:   /s/ Jeffrey Tannenbaum    
 
               
        Name: Jeffrey Tannenbaum
        Title: President
 
               
    FIR TREE RECOVERY MASTER FUND, L.P.
 
               
    By:   FIR TREE, INC., its Manager
 
               
 
      By:   /s/ Jeffrey Tannenbaum    
 
               
        Name: Jeffrey Tannenbaum
        Title: President
 
               
    FIR TREE, INC.
 
               
    By:   /s/ Jeffrey Tannenbaum    
             
    Name: Jeffrey Tannenbaum
    Title: President

9

-----END PRIVACY-ENHANCED MESSAGE-----