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