0001144204-12-030054.txt : 20120516 0001144204-12-030054.hdr.sgml : 20120516 20120516150912 ACCESSION NUMBER: 0001144204-12-030054 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20120516 DATE AS OF CHANGE: 20120516 GROUP MEMBERS: ADAM BENOWITZ GROUP MEMBERS: VISION OPPORTUNITY CHINA FUND LTD GROUP MEMBERS: VISION OPPORTUNITY CHINA GP LTD GROUP MEMBERS: VISION OPPORTUNITY CHINA LP SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Shengkai Innovations, Inc. CENTRAL INDEX KEY: 0001327364 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS FABRICATED METAL PRODUCTS [3490] IRS NUMBER: 113737500 STATE OF INCORPORATION: FL FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-83847 FILM NUMBER: 12848541 BUSINESS ADDRESS: STREET 1: NO. 106 ZHONGHUAN SOUTH ROAD STREET 2: AIRPORT INDUSTRIAL PARK CITY: TIANJIN, STATE: F4 ZIP: 300350 BUSINESS PHONE: (8622) 5883-8509 MAIL ADDRESS: STREET 1: NO. 106 ZHONGHUAN SOUTH ROAD STREET 2: AIRPORT INDUSTRIAL PARK CITY: TIANJIN, STATE: F4 ZIP: 300350 FORMER COMPANY: FORMER CONFORMED NAME: Southern Sauce Company, Inc. DATE OF NAME CHANGE: 20050517 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 v313489_sc13ga4.htm AMENDMENT NO. 4

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 4)*

Shengkai Innovations, Inc.

(Name of Issuer)

Common Stock, par value $0.001

(Title of Class of Securities)

82321P104

(CUSIP Number)

May 16, 2012

(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).

Page 1 of 10

CUSIP No. 82321P104

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)	¨

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	0
OWNED BY EACH REPORTING	7. SOLE DISPOSITIVE POWER	0
PERSON WITH:	8. SHARED DISPOSITIVE POWER	0

9.	Aggregate Amount Beneficially Owned by Each Reporting Person

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

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

12.	Type of Reporting Person (See Instructions)

Page 2 of 10

CUSIP No. 82321P104

1.	Names of Reporting Persons
	I.R.S. Identification Nos. of above persons (entities only)

Vision Capital Advisors, LLC

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	5. SOLE VOTING POWER	0
SHARES BENEFICIALLY	6. SHARED VOTING POWER	0
OWNED BY EACH REPORTING	7. SOLE DISPOSITIVE POWER	0
PERSON WITH:	8. SHARED DISPOSITIVE POWER	0

9.	Aggregate Amount Beneficially Owned by Each Reporting Person

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

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

12.	Type of Reporting Person (See Instructions)

Page 3 of 10

CUSIP No. 82321P104

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)	¨

3.	SEC Use Only

4.	Citizenship or Place of Organization

Guernsey

NUMBER OF	5. SOLE VOTING POWER	0
SHARES BENEFICIALLY	6. SHARED VOTING POWER	0
OWNED BY EACH REPORTING	7. SOLE DISPOSITIVE POWER	0
PERSON WITH:	8. SHARED DISPOSITIVE POWER	0

9.	Aggregate Amount Beneficially Owned by Each Reporting Person

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

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

12.	Type of Reporting Person (See Instructions)

Page 4 of 10

CUSIP No. 82321P104

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)	¨

3.	SEC Use Only

4.	Citizenship or Place of Organization

Guernsey

NUMBER OF	5. SOLE VOTING POWER	0
SHARES BENEFICIALLY	6. SHARED VOTING POWER	0
OWNED BY EACH REPORTING	7. SOLE DISPOSITIVE POWER	0
PERSON WITH:	8. SHARED DISPOSITIVE POWER	0

9.	Aggregate Amount Beneficially Owned by Each Reporting Person

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

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

12.	Type of Reporting Person (See Instructions)

Page 5 of 10

CUSIP No. 82321P104

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)	¨

3.	SEC Use Only

4.	Citizenship or Place of Organization

Guernsey

NUMBER OF	5. SOLE VOTING POWER	0
SHARES BENEFICIALLY	6. SHARED VOTING POWER	0
OWNED BY EACH REPORTING	7. SOLE DISPOSITIVE POWER	0
PERSON WITH:	8. SHARED DISPOSITIVE POWER	0

9.	Aggregate Amount Beneficially Owned by Each Reporting Person

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

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

12.	Type of Reporting Person (See Instructions)

Page 6 of 10

EXPLANATORY NOTE

This Amendment No. 4 to Schedule 13G is being filed voluntarily on May 16, 2012 to report that the Filers ceased to have any beneficial ownership of Common Stock as of April 26, 2012.

Item 1.

(a)

The name of the issuer is Shengkai Innovations, Inc. (the “Issuer”).

(b)

The principal executive offices of the Issuer are located at No. 27, Wang Gang Road, Jin Nan (Shuang Gang) Economic and Technology Development Area, Tianjin, People’s Republic of China.

Item 2.

(a)

This Statement is being filed by (i) Vision Opportunity China LP, a limited partnership organized under the laws of Guernsey (the “China Fund”), (ii) Vision Opportunity China GP Limited, a corporate entity organized under the laws of Guernsey (the “China Fund GP”), (iii) Vision Opportunity China Fund Limited, a corporate entity organized under the laws of Guernsey (the “China Fund Ltd.”), (iv) Vision Capital Advisors, LLC, a Delaware limited liability company (the “Investment Manager”), and (v) Adam Benowitz, a United States citizen (all of the foregoing, collectively, the “Filers”). The China Fund is a private investment vehicle engaged in investing and trading in a wide variety of securities and financial instruments for its own account. The China Fund directly beneficially owns all of the shares reported in this Statement. Mr. Benowitz, the Investment Manager, the China Fund GP and the China Fund Ltd. may be deemed to share with 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 beneficially owned directly by such Filer.

(b)

The principal business office of each of the Investment Manager and Mr. Benowitz is:

20 West 55th Street, 5th Floor

New York, New York 10019

USA

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 $0.001 per share, of the Issuer (the “Common Stock”).

Page 7 of 10

(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).

Item 4. Ownership.

See Items 5-9 and 11 on the cover page for each Filer, which information is accurate as of April 26, 2012 and remains accurate as of May 16, 2012 (the filing date of this Schedule 13G/A).

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: x

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.

Page 8 of 10

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.

Page 9 of 10

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: May 16, 2012

	ADAM BENOWITZ
	VISION CAPITAL ADVISORS, LLC


	By:	/s/ ADAM BENOWITZ
	Adam Benowitz, for himself and as Managing Member
	of the Investment Manager


	VISION OPPORTUNITY CHINA LP
	VISION OPPORTUNITY CHINA GP LIMITED
	VISION OPPORTUNITY CHINA FUND LIMITED


	By:	/s/ CHRISTOPHER FISH
	Christopher Fish, as Chairman of the Board of Directors
	of the China Fund GP (for itself and on behalf of the
	China Fund) and the China Fund Ltd.

Page 10 of 10