0001568552-17-000003.txt : 20170303
0001568552-17-000003.hdr.sgml : 20170303
20170303061610
ACCESSION NUMBER: 0001568552-17-000003
CONFORMED SUBMISSION TYPE: SC 13G
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20170303
DATE AS OF CHANGE: 20170303
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: Prudence Asset Management Ltd
CENTRAL INDEX KEY: 0001568552
IRS NUMBER: 000000000
STATE OF INCORPORATION: E9
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13G
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-87201
FILM NUMBER: 17661458
BUSINESS ADDRESS:
STREET 1: SUITE 505 BANK OF AMERICA TOWER
STREET 2: 12 HARCOURT ROAD CENTRAL
CITY: HONG KONG
STATE: K3
ZIP: 0000
BUSINESS PHONE: 852 31892899
MAIL ADDRESS:
STREET 1: SUITE 505 BANK OF AMERICA TOWER
STREET 2: 12 HARCOURT ROAD CENTRAL
CITY: HONG KONG
STATE: K3
ZIP: 0000
FORMER COMPANY:
FORMER CONFORMED NAME: Prudence Investment Management Ltd
DATE OF NAME CHANGE: 20130201
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: Prudence Asset Management Ltd
CENTRAL INDEX KEY: 0001568552
IRS NUMBER: 000000000
STATE OF INCORPORATION: E9
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13G
BUSINESS ADDRESS:
STREET 1: SUITE 505 BANK OF AMERICA TOWER
STREET 2: 12 HARCOURT ROAD CENTRAL
CITY: HONG KONG
STATE: K3
ZIP: 0000
BUSINESS PHONE: 852 31892899
MAIL ADDRESS:
STREET 1: SUITE 505 BANK OF AMERICA TOWER
STREET 2: 12 HARCOURT ROAD CENTRAL
CITY: HONG KONG
STATE: K3
ZIP: 0000
FORMER COMPANY:
FORMER CONFORMED NAME: Prudence Investment Management Ltd
DATE OF NAME CHANGE: 20130201
SC 13G
1
sc_13g_mar17_tslus.txt
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ________)*
Trina Solar Ltd
(Name of Issuer)
Common Shares of par value US$0.00001
(Title of Class of Securities)
89628E104
(CUSIP Number)
Prudence Asset Management Limited
Suite 505, Bank of America Tower, 12 Harcourt Road, Central Hong Kong
852 3189 2899
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
27 February 2017
(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)
?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
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).
CUSIP No. 89628E104
13G
Page 2 of 5 Pages
1.
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Prudence Asset Management 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
Hong Kong
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
5.
SOLE VOTING POWER
4,678,005 (1)
6.
SHARED VOTING POWER
0
7.
SOLE DISPOSITIVE POWER
4,678,005 (1)
8.
SHARED DISPOSITIVE POWER
0
9.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,678,005 (1)
10.
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(see instructions)
11.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.06% (2)
12.
TYPE OF REPORTING PERSON (see instructions)
OO
(1) The amount set forth in each of Rows 5,7, and 9 of this Cover Page is based
on the 4,678,005 shares of Common Stock issuable upon conversion of the
Convertible Bonds (as defined herein) directly owned by the Funds (as defined
herein) as of 27 February 2017.
(2) The percentage set forth in Row 11 of this Cover Page is based on the
Issuer's (as defined herein) 92,465,540 shares of Common Stock outstanding
as of 27 February 2017.
CUSIP No. 89628E104
13G
Page 3 of 5Pages
Item 1.
(a)
Name of Issuer
Trina Solar Ltd.
(b)
Address of Issuer's Principal Executive Offices
No 2 Tian He Road
Electronics Park New District
Changzhou, 213031
China
Item 2.
(a)
Name of Person Filing
This Schedule 13G is being filed on behalf of Prudence Asset Management Limited
("PAML" or the "Reporting Person"), with respect to the shares of Common Stock
("Common Stock") of Trina Solar Ltd (the "Issuer") and the Common Stock
issuable upon conversion of the 3.5% Convertible Bonds due 2019 and 4%
Convertible Bonds due 2019 (collectively, the "Convertible Bonds").
PAML acts as investment manager to, and exercises investment discretion with
respect to the Convertible Bonds and Common Stock directly owned by the
following entities (collectively, the "Funds"):
i) Prudence Enhanced Income Master Fund with respect to 1,050,000 shares of
Common Stock and 3,368,005 shares of Common Stock issuable upon conversion of
the Convertible Bonds directly owned by it as of 27 February 2017; and
ii) Prudence Multi-Strategy SPC - Greater China Equity Fund SP with respect to
260,000 shares of Common Stock.
(b)
Address of the Principal Office or, if none, residence
Suite 505 Bank of America Tower 12 Harcourt Road Central Hong Kong
(c)
Citizenship
Hong Kong
(d)
Title of Class of Securities
Common Stock of par value USD0.00001
(e)
CUSIP Number
89628E104
Item 3. If this statement is filed pursuant to ss240.13d-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 s240.13d-1(b)(1)(ii)(E);
(f)
?
An employee benefit plan or endowment fund in accordance with
s240.13d-1(b)(1)(ii)(F);
(g)
?
A parent holding company or control person in accordance with
s240.13d-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 s240.13d-1(b)(1)(ii)(J).
CUSIP No. 89628E104
13G
Page 4 of 5 Pages
Item 4. Ownership.
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer
identified in Item 1.
(a)
Amount beneficially owned: 4,678,005
(b)
Percent of class: 5.06%
(c)
Number of shares as to which the person has: 1,310,000 shares of Common
Stock and 3,368,005 shares of Common Stock issuable upon conversion of
the Convertible Bonds
(i)
Sole power to vote or to direct the vote 4,678,005 shares of Common Stock
(ii)
Shared power to vote or to direct the vote 0
(iii)
Sole power to dispose or to direct the disposition of 4,678,005 shares
of Common Stock.
(iv)
Shared power to dispose or to direct the disposition of 0
Instruction. For computations regarding securities which represent a right
to acquire an underlying security see
s240.13d-3(d)(1).
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 ?.
Instruction. Dissolution of a group requires a response to this item.
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
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.
CUSIP No. 89628E104
13G
Page 5 of 5 Pages
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.
03/03/2017
Date
Linlin Ma
/s/ Prudence Asset Management Limited
Signature
Partner
Name/Title