0001193125-12-380247.txt : 20120905 0001193125-12-380247.hdr.sgml : 20120905 20120905103109 ACCESSION NUMBER: 0001193125-12-380247 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20120905 DATE AS OF CHANGE: 20120905 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: 121072718 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 d406354dsc13da.htm AMENDMENT NO.4 TO SCHEDULE 13D AMENDMENT NO.4 TO SCHEDULE 13D

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 4)*

 

 

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 5, 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. 4 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 and August 30, 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 August 31, 2012, the Consortium received a letter from DLA Piper LLP, counsel to the Company, which was furnished as exhibit 99.1 to the Form 6-K, filed by the Company on August 31, 2012. On September 5, 2012, O’Melveny & Myers LLP, on behalf of the Consortium, responded with a letter to DLA Piper LLP (the “Response Letter”). A copy of the Response Letter 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 exhibits are filed as exhibits hereto:

 

Exhibit

   

Description of Exhibit

99.1   

Letter from O’Melveny & Myers LLP, on behalf of the Consortium, dated September 5, 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 5, 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 5, 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 5, 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 5, 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 5, 2012    

CHINA ENVIRONMENT FUND III

HOLDINGS LTD.

    By:   /s/ Yun Pun Wong
     

Name:  Yun Pun Wong

     

Title:    Authorized signatory

Date: September 5, 2012     DONALD C. YE
    By:   /s/ Donald C. Ye
     
     
Date: September 5, 2012     SHELBY CHEN
    By:   /s/ Shelby Chen
     
     
Date: September 5, 2012     MICHAEL LI
    By:   /s/ Michael Li
     
     
Date: September 5, 2012     LARRY ZHANG
    By:   /s/ Larry Zhang
     
     
Date: September 5, 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 5, 2012     AQUA RESOURCES ASIA HOLDINGS LIMITED
    By:   /s/ Kimberly Tara
     

Name:  Kimberly Tara

     

Title:    Director

Date: September 5, 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 5, 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 5, 2012     ABRAX
    By:   /s/ Manuel Salvisberg
     

Name:  Manuel Salvisberg

     

Title:    Director

Date: September 5, 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 5, 2012     IWU INTERNATIONAL LTD.
    By:   /s/ Li Wu Fehlmann
     

Name:  Li Wu Fehlmann

     

Title:    Director

 EX-99.1 2 d406354dex991.htm LETTER FROM O'MELVENY & MYERS LLP, ON BEHALF OF THE CONSORTIUM <![CDATA[Letter from O'Melveny & Myers LLP, on behalf of the Consortium]]>

Exhibit 99.1

September 5, 2012

DLA Piper LLP

1251 Avenue of the Americas, 27th Floor

New York, New York 10020-1104

Re:    China Hydroelectric Corporation (the “Company”)

Dear Mr. Klein and Mr. Altman:

On behalf of CPI Ballpark Investments Ltd. (“CPI”), Swiss Re Financial Products Corporation (“Swiss Re”), China Environment Fund, III L.P. (“CEF”), Aqua Resources Asia Holdings Limited (“Aqua”), Abrax and IWU International Ltd (“IWU” and together with CPI, Swiss Re, CEF, Aqua and Abrax, the “Shareholder Group”), all of which are and have been through the relevant period shareholders of the Company, we are writing to address various statements made in your letter, dated August 31, 2012, responding to the August 21, 2012 and August 30, 2012 letters (the “Joint Letters”) from the Shareholder Group to the Company’s board of directors (the “Board”).

As previously disclosed in Amendments No. 2 and No 3. to the Schedule 13D filed by the Shareholder Group with the U.S. Securities and Exchange Commission on August 21, 2012 and August 30, 2012, respectively, the Shareholder Group holds over 40% of the Company’s issued and outstanding share capital, either through ordinary shares, par value $0.001 (the “Ordinary Shares”) or the Company’s American Depositary Shares, each of which represents three Ordinary Shares. In addition, as of August 30, 2012, the date on which the Shareholder Group formally called an Extraordinary General Meeting of the Company to be held on September 28, 2012 (the “EGM”), members of the Shareholder Group were record holders of at least one-third of the Company’s issued and outstanding Ordinary Shares. If the Board disputes the Shareholder Group’s shareholding, we hereby request the Company to provide its detailed register of members as of August 29, 2012 and the supporting calculations. Consequently, as advised by the Shareholder Group’s Cayman Islands legal counsel, Conyers Dill & Pearman (“Cayman Counsel”), and pursuant to Article 59 of the Amended and Restated Articles of the Company (the “Articles”), which provides that “[m]embers holding shares representing not less than one-third of the issued and outstanding share capital, may call extraordinary general meetings,” the Shareholder Group, as of August 30, 2012, was entitled to and did validly call the EGM.

Furthermore, our Cayman Counsel has advised that the Shareholder Group has validly set the record date for the EGM pursuant to the Articles as August 29, 2012 (the “Record Date”), notwithstanding the statement in your August 31st letter that the establishment of a record date is “squarely within the purview of the Board.” Article 45 of the Articles provides that “[i]f the Board does not fix a record date for any general meeting”, the record date shall be set “at the close of business on the day next preceding the day on which notice is given”. Here, since notice of the EGM was given by the Shareholder Group on August 30, 2012, under Article 45 of the Articles, the Record Date is accordingly set as August 29, 2012. If, as you contend, the Board has the sole right to set the record date, even in cases in which the Board is not the entity charged with the right to call such general meeting (as is the case here), then the Board would be capable of eviscerating the explicit right of the shareholders to call an EGM pursuant to Article 59 of the Articles simply by refusing to set a record date. As advised by our Cayman Counsel, a Cayman Islands court would not interpret Article 59 to be meaningless so as to entrench the incumbent board, as you seek to argue.

 

1

We are aware that Rule 204.21 of the Listed Company Manual of the New York Stock Exchange (the “NYSE Listed Company Manual”) requires that the Company provide advance notice to the New York Stock Exchange (the “NYSE”) of a record date for a general meeting of its shareholders. As stated in the NYSE Listed Company Manual, this obligation to inform the NYSE of the record date of a shareholder meeting is the obligation of the listed company alone, and it 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. If the Company is attempting to disenfranchise the Shareholder Group by relying on Rule 204.21, the Company will not be successful in that regard.

In summary, despite the various statements made to the contrary in your August 31st letter, on August 30, 2012, the Shareholder Group validly called an EGM to be held on September 28, 2012 and has properly established the record date for the EGM as August 29, 2012, in each case, in accordance with Cayman Islands law and the provisions Articles. Accordingly, on behalf of the Shareholder Group, we respectfully ask that you advise your client to refrain from engaging in any further corporate maneuvers or delays that are designed or could be expected to frustrate or deny the legitimate legal rights of the shareholders of the Company to call the EGM, including effecting or agreeing to effect any transactions designed to dilute the Shareholder Group’s interest in the Company or otherwise compromise the Shareholder Group’s ability to vote for and support the initiatives highlighted in their Joint Letters. Moreover, please also advise your client that any actions taken by management and/or the Board before the EGM that would diminish the value of the Company, change existing management, or entrench the existing Board, including without limitation, entering into contracts designed to give additional rights or compensation to management and/or the Board, would be deemed as against the interests of the Company and the Shareholder Group. The Shareholder Group intends to retain all of its rights in connection with these matters.

The Shareholder Group is confident that the Board will act in the best interests of the Company and continues to welcome the opportunity to engage directly with the Board to discuss the concerns and issues articulated in the Joint Letters. The Shareholder Group believes that an open channel of dialogue between the parties would be a far more effective means of addressing these issues than further exchange of letters between legal advisors, and therefore stands by ready and willing to have a frank and open conversation with the Board.

Sincerely,

O’Melveny & Myers LLP

/s/ Nima Amini                                

Nima Amini

/s/ Stephanie Sheng                        

Stephanie Sheng

Enclosures

 

cc: Mr. Amit Gupta

Mr. Lung-Chi Lee

(NewQuest Capital Partners)

Christopher Bickley

Norman Hau

(Conyers Dill & Pearman)

 

2