<SEC-DOCUMENT>0001193125-12-493212.txt : 20121206
<SEC-HEADER>0001193125-12-493212.hdr.sgml : 20121206
<ACCEPTANCE-DATETIME>20121206122200
ACCESSION NUMBER:		0001193125-12-493212
CONFORMED SUBMISSION TYPE:	13F-HR
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20120930
FILED AS OF DATE:		20121206
DATE AS OF CHANGE:		20121206
EFFECTIVENESS DATE:		20121206

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ASIA PACIFIC ASSOCIATES III LTD
		CENTRAL INDEX KEY:			0001172401
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		13F-HR
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	028-14317
		FILM NUMBER:		121245891

	BUSINESS ADDRESS:	
		STREET 1:		C/O W S WALKER & CO 1ST FL
		STREET 2:		WALKER HOUSE MARY ST P O BOX 265GT
		CITY:			GEORGETOWN GRAND CAYMAN
		STATE:			A1
		BUSINESS PHONE:		3459453727
</SEC-HEADER>
<DOCUMENT>
<TYPE>13F-HR
<SEQUENCE>1
<FILENAME>d449701d13fhr.txt
<DESCRIPTION>FORM 13-F
<TEXT>
<PAGE>


                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 13F

                               FORM 13F COVER PAGE

Report for the Calendar Year or Quarter Ended: September 30, 2012

Check here if Amendment [_]; Amendment Number:__________

This Amendment (Check only one): [_] is a restatement.
                                 [_] adds new holdings entries. Institutional

Institutional Investment Manager Filing this Report:

Name:    Asia Pacific Associates III, Ltd.*
Address: c/o W.S. Walker & Company
         P.O. Box 265, GT
         Walker House
         Grand Cayman, Cayman Islands

Form 13F File Number: 28-14317

The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:

Name:  Ta-Lin Hsu
Title: Director
Phone: (650) 838-8088

Signature, Place, and Date of Signing:

   /s/ Ta-Lin Hsu           Hong Kong, Hong Kong SAR        December 6, 2012
-----------------------   ----------------------------   -----------------------
        [Signature]                [City, State]                 [Date]

*    The report on Form 13F for the period ended December 31, 2011 is being
     filed by Asia Pacific Associates III, Ltd., the general partner of Asia
     Pacific Growth Fund III, L.P.

Report Type (Check only one.):

[X]  13F HOLDINGS REPORT.

[_]  13F NOTICE.

[_]  13F COMBINATION REPORT.

<PAGE>


                              FORM 13F SUMMARY PAGE

Report Summary:

Number of Other Included Managers:                  0
Form 13F Information Table Entry Total:             1
Form 13F Information Table Value Total:       106,621
                                           ----------
                                           (thousands)

List of Other Managers Reporting for this Manager:

None.

<PAGE>


                           FORM 13F INFORMATION TABLE

<TABLE>
<CAPTION>
   COLUMN 1       COLUMN 2     COLUMN 3  COLUMN 4      COLUMN 5       COLUMN 6  COLUMN 7        COLUMN 8
-------------- -------------- --------- --------- ------------------ ---------- -------- ---------------------
                                                                                            VOTING AUTHORITY
                                          VALUE    SHRS OR  SH/ PUT/ INVESTMENT   OTHER  ---------------------
NAME OF ISSUER TITLE OF CLASS   CUSIP   (x$1,000)  PRN AMT  PRN CALL DISCRETION  MANAGER    SOLE   SHARED NONE
-------------- -------------- --------- --------- --------- --- ---- ---------- -------- --------- ------ ----
<S>            <C>            <C>       <C>       <C>       <C> <C>  <C>        <C>      <C>       <C>    <C>
FABRINET       COMMON         G3323L100   106,621 9,199,374 SH       DEFINED             9,157,063
</TABLE>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>