0001193125-12-385587.txt : 20120910 0001193125-12-385587.hdr.sgml : 20120910 20120910060552 ACCESSION NUMBER: 0001193125-12-385587 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20120910 DATE AS OF CHANGE: 20120910 GROUP MEMBERS: ABRAX GROUP MEMBERS: ABRAX LTD GROUP MEMBERS: AQUA RESOURCES ASIA HOLDINGS LTD GROUP MEMBERS: AQUA RESOURCES FUND LTD GROUP MEMBERS: CHINA ENVIRONMENT FUND III HOLDINGS LTD. GROUP MEMBERS: CHINA ENVIRONMENT FUND III MANAGEMENT, L.P. GROUP MEMBERS: CHINA ENVIRONMENT FUND III, L.P. GROUP MEMBERS: CPI BALLPARK INVESTMENTS LTD GROUP MEMBERS: DONALD C. YE GROUP MEMBERS: FOURWINDS CAPITAL MANAGEMENT GROUP MEMBERS: IAN ZHU GROUP MEMBERS: IWU INTERNATIONAL LTD. (IWU) GROUP MEMBERS: LARRY ZHANG GROUP MEMBERS: MICHAEL LI GROUP MEMBERS: NEWQUEST ASIA FUND I (G.P.) LTD. GROUP MEMBERS: NEWQUEST CAPITAL MANAGEMENT (CAYMAN) LTD GROUP MEMBERS: SHELBY CHEN GROUP MEMBERS: SWISS RE FINANCIAL PRODUCTS CORP (SWISS RE) SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: China Hydroelectric Corp CENTRAL INDEX KEY: 0001477156 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 208979735 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-85243 FILM NUMBER: 121081483 BUSINESS ADDRESS: STREET 1: 420 LEXINGTON AVENUE STREET 2: SUITE 860 CITY: NEW YORK STATE: NY ZIP: 10170 BUSINESS PHONE: 646-467-9800 MAIL ADDRESS: STREET 1: 420 LEXINGTON AVENUE STREET 2: SUITE 860 CITY: NEW YORK STATE: NY ZIP: 10170 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: NewQuest Asia Fund I, L.P. CENTRAL INDEX KEY: 0001514180 IRS NUMBER: 000000000 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: WALKER HOUSE STREET 2: 87 MARY STREET, GEORGE TOWN CITY: GRAND CAYMAN STATE: E9 ZIP: KY1-9005 BUSINESS PHONE: (345)949-0100 MAIL ADDRESS: STREET 1: WALKER HOUSE STREET 2: 87 MARY STREET, GEORGE TOWN CITY: GRAND CAYMAN STATE: E9 ZIP: KY1-9005 SC 13D/A 1 d402753dsc13da.htm AMENDMENT NO.5 TO SCHEDULE 13D AMENDMENT NO.5 TO SCHEDULE 13D

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 5)*

 

 

China Hydroelectric Corporation

(Name of Issuer)

 

 

Ordinary Shares, $0.001 par value per share**

American Depositary Shares

(Title of Class of Securities)

16949D101***

(CUSIP Number)

NewQuest Asia Fund I (G.P.) Ltd.

c/o Walkers Corporate Services Limited

Walker House

87 Mary Street, George Town

Grand Cayman, Cayman Islands KY1-9005

September 7, 2012

(Date of Event which Requires Filing of this Statement)

 

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.  ¨

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

 

* 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 disclosures provided in a prior cover page.

The information required on 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).

 

** Not for trading, but in connection with the registration of American Depositary Shares, each representing 3 ordinary shares.

 

*** CUSIP number of the American Depositary Shares.

 

 

 

CUSIP No. 16949D101    

 

  (1)   

Names of reporting persons

 

NewQuest Capital Management (Cayman) Limited

  (2)  

Check the appropriate box if a member of a group (see instructions)

(a)  ¨        (b)  þ

 

  (3)  

SEC use only

 

  (4)  

Source of funds (see instructions)

 

AF

  (5)  

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  (6)  

Citizenship or place of organization

 

Cayman Islands

Number of

shares

beneficially

owned by

each

reporting

person

with:

      (7)    

Sole voting power

 

38,744,395

     (8)   

Shared voting power

 

66,040,898

     (9)   

Sole dispositive power

 

0

   (10)   

Shared dispositive power

 

0

(11)

  

Aggregate amount beneficially owned by each reporting person

 

66,040,898

(12)

  

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)    ¨

 

(13)

  

Percent of class represented by amount in Row (11)

 

40.8%

(14)

  

Type of reporting person (see instructions)

 

CO

 

CUSIP No. 16949D101    

 

  (1)   

Names of reporting persons

 

NewQuest Asia Fund I (G.P.) Ltd.

  (2)  

Check the appropriate box if a member of a group (see instructions)

(a)  ¨        (b)  þ

 

  (3)  

SEC use only

 

  (4)  

Source of funds (see instructions)

 

AF

  (5)  

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  (6)  

Citizenship or place of organization

 

Cayman Islands

Number of

shares

beneficially

owned by

each

reporting

person

with:

      (7)    

Sole voting power

 

38,744,395

     (8)   

Shared voting power

 

66,040,898

     (9)   

Sole dispositive power

 

38,744,395

   (10)   

Shared dispositive power

 

0

(11)

  

Aggregate amount beneficially owned by each reporting person

 

66,040,898

(12)

  

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)    ¨

 

(13)

  

Percent of class represented by amount in Row (11)

 

40.8%

(14)

  

Type of reporting person (see instructions)

 

CO

 

CUSIP No. 16949D101    

 

  (1)   

Names of reporting persons

 

NewQuest Asia Fund I, L.P.

  (2)  

Check the appropriate box if a member of a group (see instructions)

(a)  ¨        (b)  þ

 

  (3)  

SEC use only

 

  (4)  

Source of funds (see instructions)

 

WC, AF

  (5)  

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  (6)  

Citizenship or place of organization

 

Cayman Islands

Number of

shares

beneficially

owned by

each

reporting

person

with:

      (7)    

Sole voting power

 

0

     (8)   

Shared voting power

 

66,040,898

     (9)   

Sole dispositive power

 

0

   (10)   

Shared dispositive power

 

0

(11)

  

Aggregate amount beneficially owned by each reporting person

 

66,040,898

(12)

  

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)    ¨

 

(13)

  

Percent of class represented by amount in Row (11)

 

40.8%

(14)

  

Type of reporting person (see instructions)

 

HC, PN

 

CUSIP No. 16949D101    

 

  (1)   

Names of reporting persons

 

CPI Ballpark Investments Ltd

  (2)  

Check the appropriate box if a member of a group (see instructions)

(a)  ¨        (b)  þ

 

  (3)  

SEC use only

 

  (4)  

Source of funds (see instructions)

 

AF, WC, OO

  (5)  

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  (6)  

Citizenship or place of organization

 

Republic of Mauritius

Number of

shares

beneficially

owned by

each

reporting

person

with:

      (7)    

Sole voting power

 

38,744,395

     (8)   

Shared voting power

 

66,040,898

     (9)   

Sole dispositive power

 

38,744,395

   (10)   

Shared dispositive power

 

0

(11)

  

Aggregate amount beneficially owned by each reporting person

 

66,040,898

(12)

  

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)    ¨

 

(13)

  

Percent of class represented by amount in Row (11)

 

40.8%

(14)

  

Type of reporting person (see instructions)

 

OO

 

CUSIP No. 16949D101    

 

  (1)   

Names of reporting persons

 

Swiss Re Financial Products Corporation (“Swiss Re”)

  (2)  

Check the appropriate box if a member of a group (see instructions)

(a)  ¨        (b)  þ

 

  (3)  

SEC use only

 

  (4)  

Source of funds (see instructions)

 

WC, AF

  (5)  

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  (6)  

Citizenship or place of organization

 

Delaware

Number of

shares

beneficially

owned by

each

reporting

person

with:

      (7)    

Sole voting power

 

10,114,508

     (8)   

Shared voting power

 

66,040,898

     (9)   

Sole dispositive power

 

10,114,508

   (10)   

Shared dispositive power

 

0

(11)

  

Aggregate amount beneficially owned by each reporting person

 

66,040,898

(12)

  

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)    ¨

 

(13)

  

Percent of class represented by amount in Row (11)

 

40.8%

(14)

  

Type of reporting person (see instructions)

 

CO

 

CUSIP No. 16949D101    

 

  (1)   

Names of reporting persons

 

China Environment Fund III, L.P.

  (2)  

Check the appropriate box if a member of a group (see instructions)

(a)  ¨        (b)  þ

 

  (3)  

SEC use only

 

  (4)  

Source of funds (see instructions)

 

WC, AF

  (5)  

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  (6)  

Citizenship or place of organization

 

Cayman Islands

Number of

shares

beneficially

owned by

each

reporting

person

with:

      (7)    

Sole voting power

 

7,838,5951

     (8)   

Shared voting power

 

66,040,898

     (9)   

Sole dispositive power

 

7,838,5951

   (10)   

Shared dispositive power

 

0

(11)

  

Aggregate amount beneficially owned by each reporting person

 

66,040,898

(12)

  

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)    ¨

 

(13)

  

Percent of class represented by amount in Row (11)

 

40.8%

(14)

  

Type of reporting person (see instructions)

 

PN

 

 

1 China Environment Fund III Management, L.P. (“CEF III Management”), the general partner of China Environmental Fund III, L.P. (“CEF III”) and China Environment Fund III Holdings Ltd. (“CEF III Holdings”), the general partner of CEF III Management, may each be deemed to have sole power to vote these shares, and Messrs. Donald C. Ye, Shelby Chen, Michael Li, Larry Zhang and Ian Zhu, who comprise the members of the CEF III Investment Committee (the “CEF III Investment Committee Members”), may be deemed to have shared power to vote these shares.

CUSIP No. 16949D101    

 

  (1)   

Names of reporting persons

 

China Environment Fund III Management, L.P.

  (2)  

Check the appropriate box if a member of a group (see instructions)

(a)  ¨        (b)  þ

 

  (3)  

SEC use only

 

  (4)  

Source of funds (see instructions)

 

AF

  (5)  

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  (6)  

Citizenship or place of organization

 

Cayman Islands

Number of

shares

beneficially

owned by

each

reporting

person

with:

      (7)    

Sole voting power

 

7,838,5952

     (8)   

Shared voting power

 

66,040,898

     (9)   

Sole dispositive power

 

7,838,5952

   (10)   

Shared dispositive power

 

0

(11)

  

Aggregate amount beneficially owned by each reporting person

 

66,040,898

(12)

  

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)    ¨

 

(13)

  

Percent of class represented by amount in Row (11)

 

40.8%

(14)

  

Type of reporting person (see instructions)

 

PN

 

 

2 CEF III Management, the general partner of CEF III, and CEF III Holdings, the general partner of CEF III Management, may each be deemed to have sole power to vote these shares, and the CEF III Investment Committee Members may be deemed to have shared power to vote these shares.

CUSIP No. 16949D101    

 

  (1)   

Names of reporting persons

 

China Environment Fund III Holdings Ltd.

  (2)  

Check the appropriate box if a member of a group (see instructions)

(a)  ¨        (b)  þ

 

  (3)  

SEC use only

 

  (4)  

Source of funds (see instructions)

 

AF

  (5)  

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  (6)  

Citizenship or place of organization

 

Cayman Islands

Number of

shares

beneficially

owned by

each

reporting

person

with:

      (7)    

Sole voting power

 

7,838,5953

     (8)   

Shared voting power

 

66,040,898

     (9)   

Sole dispositive power

 

7,838,5953

   (10)   

Shared dispositive power

 

0

(11)

  

Aggregate amount beneficially owned by each reporting person

 

66,040,898

(12)

  

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)    ¨

 

(13)

  

Percent of class represented by amount in Row (11)

 

40.8%

(14)

  

Type of reporting person (see instructions)

 

OO

 

 

3 CEF III Management, the general partner of CEF III, and CEF III Holdings, the general partner of CEF III Management, may each be deemed to have sole power to vote these shares, and the CEF III Investment Committee Members may be deemed to have shared power to vote these shares.

CUSIP No. 16949D101    

 

  (1)   

Names of reporting persons

 

Donald C. Ye

  (2)  

Check the appropriate box if a member of a group (see instructions)

(a)  ¨        (b)  þ

 

  (3)  

SEC use only

 

  (4)  

Source of funds (see instructions)

 

AF

  (5)  

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  (6)  

Citizenship or place of organization

 

USA

Number of

shares

beneficially

owned by

each

reporting

person

with:

      (7)    

Sole voting power

 

0

     (8)   

Shared voting power

 

66,040,8984

     (9)   

Sole dispositive power

 

0

   (10)   

Shared dispositive power

 

0

(11)

  

Aggregate amount beneficially owned by each reporting person

 

66,040,898

(12)

  

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)    ¨

 

(13)

  

Percent of class represented by amount in Row (11)

 

40.8%

(14)

  

Type of reporting person (see instructions)

 

IN

 

 

4 CEF III Management, the general partner of CEF III, and CEF III Holdings, the general partner of CEF III Management, may each be deemed to have sole power to vote these shares, and the CEF III Investment Committee Members may be deemed to have shared power to vote these shares.

CUSIP No. 16949D101    

 

  (1)   

Names of reporting persons

 

Shelby Chen

  (2)  

Check the appropriate box if a member of a group (see instructions)

(a)  ¨        (b)  þ

 

  (3)  

SEC use only

 

  (4)  

Source of funds (see instructions)

 

AF

  (5)  

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  (6)  

Citizenship or place of organization

 

USA

Number of

shares

beneficially

owned by

each

reporting

person

with:

      (7)    

Sole voting power

 

0

     (8)   

Shared voting power

 

66,040,8985

     (9)   

Sole dispositive power

 

0

   (10)   

Shared dispositive power

 

0

(11)

  

Aggregate amount beneficially owned by each reporting person

 

66,040,898

(12)

  

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)    ¨

 

(13)

  

Percent of class represented by amount in Row (11)

 

40.8%

(14)

  

Type of reporting person (see instructions)

 

IN

 

 

5 CEF III Management, the general partner of CEF III, and CEF III Holdings, the general partner of CEF III Management, may each be deemed to have sole power to vote these shares, and the CEF III Investment Committee Members may be deemed to have shared power to vote these shares.

CUSIP No. 16949D101    

 

  (1)   

Names of reporting persons

 

Michael Li

  (2)  

Check the appropriate box if a member of a group (see instructions)

(a)  ¨        (b)  þ

 

  (3)  

SEC use only

 

  (4)  

Source of funds (see instructions)

 

AF

  (5)  

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  (6)  

Citizenship or place of organization

 

Canada

Number of

shares

beneficially

owned by

each

reporting

person

with:

      (7)    

Sole voting power

 

0

     (8)   

Shared voting power

 

66,040,8986

     (9)   

Sole dispositive power

 

0

   (10)   

Shared dispositive power

 

0

(11)

  

Aggregate amount beneficially owned by each reporting person

 

66,040,898

(12)

  

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)    ¨

 

(13)

  

Percent of class represented by amount in Row (11)

 

40.8%

(14)

  

Type of reporting person (see instructions)

 

IN

 

 

6 CEF III Management, the general partner of CEF III, and CEF III Holdings, the general partner of CEF III Management, may each be deemed to have sole power to vote these shares, and the CEF III Investment Committee Members may be deemed to have shared power to vote these shares.

CUSIP No. 16949D101    

 

  (1)   

Names of reporting persons

 

Larry Zhang

  (2)  

Check the appropriate box if a member of a group (see instructions)

(a)  ¨        (b)  þ

 

  (3)  

SEC use only

 

  (4)  

Source of funds (see instructions)

 

AF

  (5)  

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  (6)  

Citizenship or place of organization

 

The People’s Republic of China

Number of

shares

beneficially

owned by

each

reporting

person

with:

      (7)    

Sole voting power

 

0

     (8)   

Shared voting power

 

66,040,8987

     (9)   

Sole dispositive power

 

0

   (10)   

Shared dispositive power

 

0

(11)

  

Aggregate amount beneficially owned by each reporting person

 

66,040,898

(12)

  

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)    ¨

 

(13)

  

Percent of class represented by amount in Row (11)

 

40.8%

(14)

  

Type of reporting person (see instructions)

 

IN

 

 

7 CEF III Management, the general partner of CEF III, and CEF III Holdings, the general partner of CEF III Management, may each be deemed to have sole power to vote these shares, and the CEF III Investment Committee Members may be deemed to have shared power to vote these shares.

CUSIP No. 16949D101    

 

  (1)   

Names of reporting persons

 

Ian Zhu

  (2)  

Check the appropriate box if a member of a group (see instructions)

(a)  ¨        (b)  þ

 

  (3)  

SEC use only

 

  (4)  

Source of funds (see instructions)

 

AF

  (5)  

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  (6)  

Citizenship or place of organization

 

USA

Number of

shares

beneficially

owned by

each

reporting

person

with:

      (7)    

Sole voting power

 

0

     (8)   

Shared voting power

 

66,040,8988

     (9)   

Sole dispositive power

 

0

   (10)   

Shared dispositive power

 

0

(11)

  

Aggregate amount beneficially owned by each reporting person

 

66,040,898

(12)

  

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)    ¨

 

(13)

  

Percent of class represented by amount in Row (11)

 

40.8%

(14)

  

Type of reporting person (see instructions)

 

IN

 

 

8 CEF III Management, the general partner of CEF III, and CEF III Holdings, the general partner of CEF III Management, may each be deemed to have sole power to vote these shares, and the CEF III Investment Committee Members may be deemed to have shared power to vote these shares.

CUSIP No. 16949D101    

 

  (1)   

Names of reporting persons

 

Aqua Resources Fund Limited

  (2)  

Check the appropriate box if a member of a group (see instructions)

(a)  ¨        (b)  þ

 

  (3)  

SEC use only

 

  (4)  

Source of funds (see instructions)

 

WC

  (5)  

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  (6)  

Citizenship or place of organization

 

Guernsey, Channel Islands

Number of

shares

beneficially

owned by

each

reporting

person

with:

      (7)    

Sole voting power

 

5,941,6139

     (8)   

Shared voting power

 

66,040,898

     (9)   

Sole dispositive power

 

5,941,6139

   (10)   

Shared dispositive power

 

0

(11)

  

Aggregate amount beneficially owned by each reporting person

 

66,040,898

(12)

  

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)    ¨

 

(13)

  

Percent of class represented by amount in Row (11)

 

40.8%

(14)

  

Type of reporting person (see instructions)

 

CO

 

 

9 Includes 1,980,537 ADSs, representing 5,941,611 Ordinary Shares. In addition, Aqua Resources Asia Holding Limited (“ARAHL”) holds an additional 2 Ordinary Shares of the Company.

CUSIP No. 16949D101    

 

  (1)   

Names of reporting persons

 

Aqua Resources Asia Holdings Limited

  (2)  

Check the appropriate box if a member of a group (see instructions)

(a)  ¨        (b)  þ

 

  (3)  

SEC use only

 

  (4)  

Source of funds (see instructions)

 

AF

  (5)  

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  (6)  

Citizenship or place of organization

 

Cayman Islands

Number of

shares

beneficially

owned by

each

reporting

person

with:

      (7)    

Sole voting power

 

5,941,61310

     (8)   

Shared voting power

 

66,040,898

     (9)   

Sole dispositive power

 

5,941,61310

   (10)   

Shared dispositive power

 

0

(11)

  

Aggregate amount beneficially owned by each reporting person

 

66,040,898

(12)

  

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)    ¨

 

(13)

  

Percent of class represented by amount in Row (11)

 

40.8%

(14)

  

Type of reporting person (see instructions)

 

CO

 

 

10 Includes 1,980,537 ADSs, representing 5,941,611 Ordinary Shares. In addition, ARAHL holds an additional 2 Ordinary Shares of the Company.

CUSIP No. 16949D101    

 

  (1)   

Names of reporting persons

 

FourWinds Capital Management

  (2)  

Check the appropriate box if a member of a group (see instructions)

(a)  ¨        (b)  þ

 

  (3)  

SEC use only

 

  (4)  

Source of funds (see instructions)

 

N/A

  (5)  

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  (6)  

Citizenship or place of organization

 

Cayman Islands

Number of

shares

beneficially

owned by

each

reporting

person

with:

      (7)    

Sole voting power

 

5,941,61311

     (8)   

Shared voting power

 

66,040,898

     (9)   

Sole dispositive power

 

0

   (10)   

Shared dispositive power

 

0

(11)

  

Aggregate amount beneficially owned by each reporting person

 

66,040,898

(12)

  

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)    ¨

 

(13)

  

Percent of class represented by amount in Row (11)

 

40.8%

(14)

  

Type of reporting person (see instructions)

 

CO

 

 

11 Includes 1,980,537 ADSs, representing 5,941,611 Ordinary Shares. In addition, ARAHL holds an additional 2 Ordinary Shares of the Company.

CUSIP No. 16949D101    

 

  (1)   

Names of reporting persons

 

Abrax

  (2)  

Check the appropriate box if a member of a group (see instructions)

(a)  ¨        (b)  þ

 

  (3)  

SEC use only

 

  (4)  

Source of funds (see instructions)

 

WC, AF

  (5)  

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  (6)  

Citizenship or place of organization

 

Hong Kong

Number of

shares

beneficially

owned by

each

reporting

person

with:

      (7)    

Sole voting power

 

2,316,004

     (8)   

Shared voting power

 

66,040,898

     (9)   

Sole dispositive power

 

2,316,004

   (10)   

Shared dispositive power

 

0

(11)

  

Aggregate amount beneficially owned by each reporting person

 

66,040,898

(12)

  

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)    ¨

 

(13)

  

Percent of class represented by amount in Row (11)

 

40.8%

(14)

  

Type of reporting person (see instructions)

 

PN

 

CUSIP No. 16949D101    

 

  (1)   

Names of reporting persons

 

Abrax Limited

  (2)  

Check the appropriate box if a member of a group (see instructions)

(a)  ¨        (b)  þ

 

  (3)  

SEC use only

 

  (4)  

Source of funds (see instructions)

 

AF

  (5)  

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  (6)  

Citizenship or place of organization

 

Hong Kong

Number of

shares

beneficially

owned by

each

reporting

person

with:

      (7)    

Sole voting power

 

2,316,004

     (8)   

Shared voting power

 

66,040,898

     (9)   

Sole dispositive power

 

2,316,00414

   (10)   

Shared dispositive power

 

0

(11)

  

Aggregate amount beneficially owned by each reporting person

 

66,040,898

(12)

  

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)    ¨

 

(13)

  

Percent of class represented by amount in Row (11)

 

40.8%

(14)

  

Type of reporting person (see instructions)

 

CO

 

CUSIP No. 16949D101    

 

  (1)   

Names of reporting persons

 

IWU International Ltd. (“IWU”)

  (2)  

Check the appropriate box if a member of a group (see instructions)

(a)  ¨        (b)  þ

 

  (3)  

SEC use only

 

  (4)  

Source of funds (see instructions)

 

WC

  (5)  

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

  (6)  

Citizenship or place of organization

 

British Virgin Islands

Number of

shares

beneficially

owned by

each

reporting

person

with:

      (7)    

Sole voting power

 

1,085,783

     (8)   

Shared voting power

 

66,040,898

     (9)   

Sole dispositive power

 

1,085,783

   (10)   

Shared dispositive power

 

0

(11)

  

Aggregate amount beneficially owned by each reporting person

 

66,040,898

(12)

  

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)    ¨

 

(13)

  

Percent of class represented by amount in Row (11)

 

40.8%

(14)

  

Type of reporting person (see instructions)

 

CO

 

This Amendment No. 5 relates to the Schedule 13D filed with the Securities and Exchange Commission on April 19, 2011 and amended on April 25, 2011, August 21, 2012, August 30, 2012 and September 5, 2012 (as so amended, the “Original 13D”), by the Reporting Persons named therein. Capitalized terms used but not defined herein shall have the meaning set forth in the Original 13D. Except as set forth herein, the Original 13D is unmodified.

Item 4. Purpose of Transaction

Item 4 is hereby amended to add the following:

On September 6, the Company issued a press release, which was furnished as Exhibit 99.1 to a Form 6-K filed by the Company on September 6, 2012. On September 7, 2012, the Consortium responded by issuing a press release (the “Shareholder Press Release”). A copy of the Shareholder Press Release is attached hereto as Exhibit 99.1, and is incorporated into this Item 4 by reference.

Item 7. Material to be Filed as Exhibits.

The following are filed as exhibits hereto:

 

Exhibit

   

Description of Exhibit

99.1   

Shareholder Press Release, dated September 7, 2012 (furnished herewith).

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: September 10, 2012    

NEWQUEST CAPITAL MANAGEMENT (CAYMAN) LIMITED

    By:   /s/ Randhirsingh Juddoo
    Name:   Randhirsingh Juddoo
    Title:   Director
    NEWQUEST ASIA FUND I (G.P.) LTD.
    By:   /s/ Darren Massara
    Name:   Darren Massara
    Title:   Director
    By:   /s/ Randhirsingh Juddoo
    Name:   Randhirsingh Juddoo
    Title:   Director
    NEWQUEST ASIA FUND I, L.P.
    By: NewQuest Asia Fund I (G.P.) Ltd.
    By:   /s/ Darren Massara
    Name:   Darren Massara
    Title:   Director
    By:   /s/ Randhirsingh Juddoo
    Name:   Randhirsingh Juddoo
    Title:   Director
    CPI BALLPARK INVESTMENTS LTD
    By:   /s/ Georges A. Robert
    Name:   Georges A. Robert
    Title:   Director

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: September 10, 2012     SWISS RE FINANCIAL PRODUCTS CORPORATION
    By:   /s/ Hank Chance
      Name: Hank Chance
      Title: Authorized Signatory

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: September 10, 2012     CHINA ENVIRONMENT FUND III, L.P.
   

By: China Environment Fund III Management,

L.P., its general partner

   

By: China Environment Fund III Holdings Ltd.,

its general partner

    By:   /s/ Yun Pun Wong
     

Name:  Yun Pun Wong

     

Title:    Authorized signatory

Date: September 10, 2012    

CHINA ENVIRONMENT FUND III

MANAGEMENT, L.P.

   

By: China Environment Fund III Holdings Ltd.,

its general partner

    By:   /s/ Yun Pun Wong
     

Name:  Yun Pun Wong

     

Title:    Authorized signatory

Date: September 10, 2012    

CHINA ENVIRONMENT FUND III

HOLDINGS LTD.

    By:   /s/ Yun Pun Wong
     

Name:  Yun Pun Wong

     

Title:    Authorized signatory

Date: September 10, 2012     DONALD C. YE
    By:   /s/ Donald C. Ye
     
     
Date: September 10, 2012     SHELBY CHEN
    By:   /s/ Shelby Chen
     
     
Date: September 10, 2012     MICHAEL LI
    By:   /s/ Michael Li
     
     
Date: September 10, 2012     LARRY ZHANG
    By:   /s/ Larry Zhang
     
     
Date: September 10, 2012     IAN ZHU
    By:   /s/ Ian Zhu

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: September 10, 2012     AQUA RESOURCES ASIA HOLDINGS LIMITED
    By:   /s/ Kimberly Tara
     

Name:  Kimberly Tara

     

Title:    Director

Date: September 10, 2012     AQUA RESOURCES FUND LIMITED
    By: FourWinds Capital Management, its investment manager
    By:   /s/ Kimberly Tara
     

Name:  Kimberly Tara

     

Title:    CEO, FourWinds Capital Management

Date: September 10, 2012     FOURWINDS CAPITAL MANAGEMENT
    By:   /s/ Kimberly Tara
     

Name:  Kimberly Tara

     

Title:    CEO, FourWinds Capital Management

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: September 10, 2012     ABRAX
    By:   /s/ Manuel Salvisberg
     

Name:  Manuel Salvisberg

     

Title:    Director

Date: September 10, 2012     ABRAX LIMITED
    By:   /s/ Manuel Salvisberg
     

Name:  Manuel Salvisberg

     

Title:    Director

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: September 10, 2012     IWU INTERNATIONAL LTD.
    By:   /s/ Li Wu Fehlmann
     

Name:  Li Wu Fehlmann

     

Title:    Director

 EX-99.1 2 d402753dex991.htm SHAREHOLDER PRESS RELEASE, DATED SEPTEMBER 7, 2012 Shareholder Press Release, dated September 7, 2012

Exhibit 99.1

Shareholder Group Sets Record Straight Regarding September 28, 2012 Extraordinary

General Meeting of China Hydroelectric Corporation Shareholders

Urge Fellow Shareholders to Vote on the White Proxy Card for the Election of Each of

Moonkyung Kim, Jui Kian Lim, Amit Gupta and Yun Pun Wong

NEW YORK, NEW YORK, September 7, 2012 — CPI Ballpark Investments Ltd., Swiss Re Financial Products Corporation, China Environment Fund III, L.P., Aqua Resources Asia Holdings Limited, Abrax and IWU International Ltd. (collectively, the “Shareholder Group”) are issuing this statement to set the record straight with regard to the upcoming extraordinary general meeting (the “EGM”) of shareholders of China Hydroelectric Corporation (NYSE: CHC, CHCWS) (the “Company”) to be held on September 28, 2012, and to correct various inaccurate remarks made by the Company in its September 6, 2012 press release.

 

  •  

The Shareholder Group, which holds over 40% of the Company’s voting power, has validly called the EGM for September 28, 2012 in accordance with its rights under Cayman Islands law and the Company’s Articles of Association (the “Articles”).

 

  •  

The record date of August 29, 2012 (the “Record Date”) for determining shareholders entitled to vote at the EGM was determined strictly in accordance with the Articles, which provides unequivocally that the Record Date must occur on the day immediately preceding the date that the Shareholder Group delivered the notice of the EGM.

 

  •  

The requirement to notify the New York Stock Exchange of the setting of a record date for a meeting of shareholders is the Company’s requirement alone. This requirement does not in any way diminish, restrict or otherwise affect the legal rights of the Shareholder Group to call the EGM and establish the record date pursuant to the Articles or Cayman Islands law.

 

  •  

The Shareholder Group believes that the time has come for an immediate change, given that the existing Board has already presided over an unprecedented and dramatic decline of the Company’s stock price from $14.80 per ADS in January 2010 to $1.10 per ADS as of August 31, 2012. Delaying tactics, such as the attempt by the Company to call an annual meeting on October 19, 2012, can serve no purpose other than to create confusion among the shareholders and allow the existing board additional time to engage in further entrenchment schemes.

 

  •  

Contrary to the Company’s statements, the Shareholder Group has been advised that Dr. Lin and Dr. Cao will fulfill their fiduciary duties for the best interest of the Company and its shareholders, and will continue to serve on the Board of Directors with the support of the majority of shareholders.

The Shareholder Group reminds the shareholders of the Company that the EGM will be held on September 28, 2012, 9 a.m. Hong Kong time, at the offices of O’Melveny & Myers, 31st Floor, AIA Central, 1 Connaught Road, Central, Hong Kong to consider the resolutions set forth in the amended and restated Notice of Extraordinary General Meeting of the Shareholders and Proxy Statement (the “EGM Materials”) delivered to the shareholders of the Company who are entitled to vote their Company shares at the EGM (and attached as Exhibit 99.3 to Amendment No 3. to the Schedule 13D filed by the Shareholder Group with the U.S. Securities and Exchange Commission on August 30, 2012). The Shareholder Group urges the shareholders to vote the WHITE proxy card distributed with the EGM Materials for the election of each of Moonkyung Kim, Jui Kian Lim, Amit Gupta, and Yun Pun Wong and the removal of John D. Kuhns, Richard H. Hochman, Shadron Lee Stastney, Anthony Dixon and Stephen Outerbridge.

For further information, please contact:

   

Investors:

    Media:

Innisfree M&A Incorporated

    Ryan Financial Communications

501 Madison Avenue, New York, NY 10022

    13/F, Wyndham Place, 40-44 Wyndham Street, Central, Hong Kong

Attn: Jonathan Salzberger

    Attn: Lauren Goble

Phone: (212) 750-5833

    Phone: +852 3655 0512

Email: jsalzberger@innisfreema.com

    Email: lauren@ryanfin.com