0000895345-13-000276.txt : 20131105 0000895345-13-000276.hdr.sgml : 20131105 20131105171633 ACCESSION NUMBER: 0000895345-13-000276 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20131105 DATE AS OF CHANGE: 20131105 GROUP MEMBERS: BEST INVESTMENT CORP GROUP MEMBERS: STABLE INVESTMENT CORP SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Rouse Properties, Inc. CENTRAL INDEX KEY: 0001528558 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500] IRS NUMBER: 900750824 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-86578 FILM NUMBER: 131193614 BUSINESS ADDRESS: STREET 1: 1114 AVENUE OF THE AMERICAS STREET 2: SUITE 2800 CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 212-608-5108 MAIL ADDRESS: STREET 1: 1114 AVENUE OF THE AMERICAS STREET 2: SUITE 2800 CITY: NEW YORK STATE: NY ZIP: 10036 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CHINA INVESTMENT CORP CENTRAL INDEX KEY: 0001468702 IRS NUMBER: 000000000 STATE OF INCORPORATION: F4 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: NEW POLY PLAZA STREET 2: NO. 1 CHAOYANGMEN BEIDAJIE, DONGCHENG CITY: BEIJING STATE: F4 ZIP: 100010 BUSINESS PHONE: 86 10 64086277 MAIL ADDRESS: STREET 1: NEW POLY PLAZA STREET 2: NO. 1 CHAOYANGMEN BEIDAJIE, DONGCHENG CITY: BEIJING STATE: F4 ZIP: 100010 SC 13D/A 1 lp13da3-rouse_chinainv.htm lp13da3-rouse_chinainv.htm
 
 
 
 



 
 
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 

 
SCHEDULE 13D
 
Under the Securities Exchange Act of 1934 (Amendment No. 3)
 

 
Rouse Properties, Inc.
(Name of Issuer)
 
COMMON STOCK, $0.01 PAR VALUE PER SHARE
(Title of Class of Securities)
 
 
779287101
(CUSIP Number)
 

 
Cai Zhiwei
China Investment Corporation, Stable Investment Corporation, Best Investment Corporation
New Poly Plaza
No.1 Chaoyangmen Beidajie
Beijing 100010, P.R. China
Facsimile: +86 (10) 64086282
 
Copy to:
 
Lee Parks, Esq.
Fried, Frank, Harris, Shriver, & Jacobson LLP
One New York Plaza
New York, NY 10004−1980
(212) 859−8000
 

 
 
November 1, 2013
(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).
 
 


 
 
 
 

 
 
 
 
 SCHEDULE 13D  
 
1
NAMES OF REPORTING PERSONS
 
China Investment Corporation
 
2
CHECK THE APPROPRATE BOX IF A MEMBER OF A GROUP

(a)  o
(b)  o
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
 
 WC
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
o
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
People's Republic of China
NUMBER OF
SHARES
  7
SOLE VOTING POWER
 
0
BENEFICIALLY
OWNED
  8
SHARED VOTING POWER
 
1,985,810
BY EACH
REPORTING
  9
SOLE DISPOSITIVE POWER
 
0
PERSON
WITH
  10
SHARED DISPOSITIVE POWER
 
1,985,810
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
 
1,985,810
12
CHECK BOX IF THE AGGREGATE AMOUT IN ROW (11) EXCLUDES CERTAIN SHARES
 
o
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
4.0%
14
TYPE OF REPORTING PERSON
 
CO
 
 
 

 

 
 
 
 SCHEDULE 13D  

1
NAMES OF REPORTING PERSONS
 
Stable Investment Corporation
 
2
CHECK THE APPROPRATE BOX IF A MEMBER OF A GROUP

(a)  o
(b)  o
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
 
WC
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
o
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
People's Republic of China
NUMBER OF
SHARES
  7
SOLE VOTING POWER
 
0
BENEFICIALLY
OWNED
  8
SHARED VOTING POWER
 
1,980,893
BY EACH
REPORTING
  9
SOLE DISPOSITIVE POWER
 
0
PERSON
WITH
  10
SHARED DISPOSITIVE POWER
 
1,980,893
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
 
1,980,893
12
CHECK BOX IF THE AGGREGATE AMOUT IN ROW (11) EXCLUDES CERTAIN SHARES
 
o
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
4.0%
14
TYPE OF REPORTING PERSON
 
CO

 
 

 

 
 
 SCHEDULE 13D  
 
1
NAMES OF REPORTING PERSONS
 
Best Investment Corporation
 
2
CHECK THE APPROPRATE BOX IF A MEMBER OF A GROUP

(a)  o
(b)  o
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
 
WC
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
o
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
People's Republic of China
NUMBER OF
SHARES
  7
SOLE VOTING POWER
 
0
BENEFICIALLY
OWNED
  8
SHARED VOTING POWER
 
1,980,893
BY EACH
REPORTING
  9
SOLE DISPOSITIVE POWER
 
0
PERSON
WITH
  10
SHARED DISPOSITIVE POWER
 
1,980,893
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
 
1,980,893
12
CHECK BOX IF THE AGGREGATE AMOUT IN ROW (11) EXCLUDES CERTAIN SHARES
 
o
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
4.0%
14
TYPE OF REPORTING PERSON
 
CO
 
 
 

 
 
Pursuant to Rule 13d-2 promulgated under the Act, this Schedule 13D/A (this “Amendment No. 3”) amends the Schedule 13D filed on January 23, 2012 (the “Original Schedule 13D”) and amended on March 13, 2012 (“Amendment No. 1”) and March 28, 2012 (“Amendment No. 2” and, together with the Original Schedule 13D, Amendment No. 1 and this Amendment No. 2, the “Schedule 13D”). This Amendment No. 3 relates to the common stock, par value $0.01 per share (the “Rouse Common Stock”), of Rouse Properties, Inc., a Delaware corporation (the “Company”).  Capitalized terms used but not defined herein shall have the meanings attributed to them in the Original Schedule 13D.

This Amendment No. 3 is being filed to report that on November 1, 2013, BRH III entered into agreements providing for (i) the sale by BRH III to entities controlled by Brookfield of 19,528,869 shares of common stock, par value $0.01 per share (the “GGP Common Stock”), of General Growth Properties, Inc. and all of the warrants to purchase shares of GGP Common Stock (the “Warrants”) held by BRH III that are attributable to the interests of Stable and Best and (ii) the distribution by BRH III to Stable and Best, in complete redemption of the interests of Stable and Best in BRH III, of (x) $584,731,721 from the funds received in the sale transactions described in clause (i), (y) 1,980,893 shares of Rouse Common Stock held by BRH III, which shares are all of the shares of Rouse Common Stock held by BRH III that are attributable to the interests of Stable and Best and (z) 33,516,396 shares of GGP Common Stock held by BRH III (collectively the “Consortium Liquidity Transactions”).  The Consortium Liquidity Transactions occurred on November 1, 2013.  Prior to the Consortium Liquidity Transactions, the Voting Agreement was terminated.  As a result of the Consortium Liquidity Transactions, (i) Stable and Best are no longer parties to the Operating Agreement of BRH III and therefore none of CIC, Stable or Best may be deemed to have or share beneficial ownership of the Rouse Common Stock held by any of the Investment Vehicles, (ii) none of Stable, Best or CIC  may be deemed to be members of a “group” with the Investment Vehicles and the Other Filers with respect to the shares of Rouse Common Stock held by the Investment Vehicles or with respect to any other shares of Rouse Common Stock beneficially owned by such Other Filers and (iii) BAM Canada and Brookfield (US) Investments Ltd. will continue to own interests in BRH III, whose assets will include cash, Warrants and shares of GGP Common Stock and Rouse Common Stock equal to the carried interest and other amounts owed to BAM Canada and Brookfield (US) Investments Ltd. that are attributable to the former interests of Stable and Best in BRH III under the Operating Agreement and related agreements.  The Reporting Persons have terminated the Joint Filing Agreement.

As a result of the Consortium Liquidity Transactions, each Reporting Person’s beneficial ownership, and their beneficial ownership in the aggregate, represents less than 5% of the outstanding Rouse Common Stock.  Accordingly, this Amendment No. 3 constitutes an exit filing for the Reporting Persons.
 
Item 2. Identity and Background

Schedule I, Schedule II, and Schedule III referenced in Item 2 of the Schedule 13D are hereby amended and restated in its entirety as attached hereto.
 
Item 5. Interest in Securities of the Issuer
 
Item 5(a)-(c) of the Schedule 13D is hereby amended and restated in its entirety as follows:
 
 
(a)
See Items 11 and 13 of the cover pages to this Schedule 13D for the aggregate number of shares of Rouse Common Stock and percentages of Rouse Common Stock beneficially owned by each of the Reporting Persons, which is incorporated herein by reference to each such Reporting Person.
     
 
(b)
Information concerning the number of shares of Rouse Common Stock as to which each Reporting Person has the sole or shared power to vote or direct the vote and sole or shared power to dispose or direct the disposition is set forth in Items 7 through 10 of the cover pages to this Schedule 13D for each such Reporting Person and is incorporated herein by reference to each such Reporting Person.
 
CIC International Co., Ltd. (“CIC International”) is the parent of a wholly owned subsidiary (other than Stable and Best).  As of the close of business on November 1, 2013, CIC International’s wholly owned subsidiary held and beneficially owned 4,917 shares of Rouse Common Stock (the “Additional Shares”). CIC, by virtue of being the parent of CIC International, may be deemed to share beneficial ownership of the Additional Shares. Taking into account CIC’s beneficial ownership in the Additional Shares, CIC’s beneficial ownership represents 4.0% of the outstanding Rouse Common Stock.  None of the Reporting Persons has or shares voting or investment power with respect to any other shares of Rouse Common Stock.

All calculations of percentages of beneficial ownership in this Item 5 and elsewhere in this Schedule 13D are based on the 49,637,556 shares of Rouse Common Stock reported by the Company as outstanding as of August 1, 2013 as reported in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 5, 2013.

 
(c)
Except as otherwise described in this Amendment No. 3, none of the Reporting Persons, nor, to their knowledge, any of the persons identified on Schedule I, Schedule II, or Schedule III, has effected any transaction in the Rouse Common Stock during the past sixty days.
 
Item 5(e) of the Schedule 13D is hereby amended and restated in its entirety as follows:

On November 1, 2013, as a result of the Consortium Liquidity Transactions, the Reporting Persons ceased to be beneficial owners of more than five percent of the outstanding Rouse Common Stock.
 
 
 
 

 
 
 
SIGNATURES
 
After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.
 
Dated:  November 5, 2013
CHINA INVESTMENT CORPORATION
 
       
       
 
By:
 /s/ Ding Xuedong  
   
Name: Ding Xuedong
 
   
Title:   Chairman and Chief Executive Officer
 
       
 
Dated:  November 5, 2013
STABLE INVESTMENT CORPORATION
 
       
       
 
By:
 /s/ Li Keping  
   
Name: Li Keping
 
   
Title:   Executive Director and President
 
       
 
Dated:  November 5, 2013
BEST INVESTMENT CORPORATION
 
       
       
 
By:
 /s/ Li Keping  
   
Name: Li Keping
 
   
Title:   Executive Director and President
 
       
 
 
 

 
 
SCHEDULE I

Directors and Executive Officers of China Investment Corporation

The following table sets forth the name, position with China Investment Corporation and present principal occupation of each director and executive officer of China Investment Corporation. Unless otherwise indicated below, the business address of each such person is New Poly Plaza, No. 1 Chaoyangmen Beidajie, Dongcheng District, Beijing, 100010, People’s Republic of China, and each such person is a citizen of the People’s Republic of China.


Name and Position of Officer or Director
Principal Business Address
Principal Occupation or Employment
Citizenship
Ding Xuedong
Chairman and Chief Executive Officer
 
Chairman and Chief Executive Officer of CIC
 
Gao Xiqing
Vice Chairman and President
 
Vice Chairman and President of CIC
 
Li Keping
Executive Director, Executive Vice President & Chief Investment Officer
 
Executive Director, Executive Vice President & Chief Investment Officer of CIC
 
Zhang Xiaoqiang
Non-Executive Director
38 South Yuetan Street, Xicheng District, Beijing, China
Vice Chairman of the National Development and Reform Commission of the People’s Republic of China
 
Li Yong
Non-Executive Director
3 Sanlihe Nansanxiang, Xicheng District, Beijing, China
Non-Executive Director of CIC
 
Chen Jian
Non-Executive Director
2 East Chang’an Street, Beijing, China
 
Non-Executive Director of CIC
 
Hu Xiaolian
Non-Executive Director
32 Chengfang Street, Xicheng District, Beijing, China
Deputy Governor of the People’s Bank of China
 
 
Fang Shangpu
Non-Executive Director
Huarong Plaza, No.18 in Fucheng Road, Haidian District, Beijing, China
Deputy Administrator of the State Administration of Foreign Exchange (SAFE)
 
Liu Zhongli
Independent Director
No.16, Xisihuanzhonglu, Haidian District, Beijing, China
Chair of the Chinese Institute of Certified Public Accountants
 
Wang Chunzheng
Independent Director
No.22, Xi’anmen Street, Xicheng District, Beijing, China
Executive Vice Chairman of China Center for International Economic Exchanges
 
Li Xin
Employee Director
 
Employee Director and Head of Human Resource Department of CIC
 
Li Xiaopeng
Chairman of the Board of Supervisors
 
Chairman of the Board of Supervisors of CIC
 
Fan Yifei
Executive Vice President
 
Executive Vice President of CIC
 
Xie Ping
Executive Vice President
 
Executive Vice President of CIC
 
Liang Xiang
Executive Vice President & Secretary of Discipline Inspecting Commission
 
Executive Vice President & Secretary of Discipline Inspecting Commission of CIC
 
 
 
 

 
 
SCHEDULE II

Directors and Executive Officers of Stable Investment Corporation

The following table sets forth the name, position with Stable Investment Corporation and present principal occupation of each director and executive officer of Stable Investment Corporation.

Name and Position of Officer or Director
Principal Business Address
Principal Occupation or Employment
Citizenship
Li Keping
Executive Director and President
New Poly Plaza, No.1 Chaoyangmen Beidajie, Dongcheng District, Beijing, 100010
Executive Director, Executive Vice President & Chief Investment Officer of China Investment Corporation
People's Republic of China

 
 

 

SCHEDULE III

Directors and Executive Officers of Best Investment Corporation

The following table sets forth the name, position with Best Investment Corporation and present principal occupation of each director and executive officer of Best Investment Corporation.


Name and Position of Officer or Director
Principal Business Address
Principal Occupation or Employment
Citizenship
Li Keping
Executive Director and President
New Poly Plaza, No.1 Chaoyangmen Beidajie, Dongcheng District, Beijing, 100010
Executive Director, Executive Vice President & Chief Investment Officer of China Investment Corporation
People's Republic of China