0001193125-12-398386.txt : 20120920 0001193125-12-398386.hdr.sgml : 20120920 20120920160524 ACCESSION NUMBER: 0001193125-12-398386 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20120920 DATE AS OF CHANGE: 20120920 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: 121102120 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 d413967dsc13da.htm AMENDMENT NO. 8 TO SCHEDULE 13D Amendment No. 8 to Schedule 13D

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 8)*

 

 

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 19, 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. 8 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, August 30, 2012, September 5, 2012, September 10, 2012, September 12, 2012 and September 17, 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 September 18, 2012, Institutional Shareholder Services Inc. (“ISS”), a leading independent proxy voting advisory firm, recommended that shareholders of the Company vote to remove five incumbent directors and to elect all four of the Consortium’s nominees to the Company’s Board of Directors. On September 19, 2012, the Consortium responded to the ISS recommendation by issuing a press release (the “Consortium Press Release”). A copy of the Consortium Press Release 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 are filed as exhibits hereto:

 

Exhibit

   

Description of Exhibit

99.1    Consortium Press Release, dated September 19, 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 20, 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 20, 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 20, 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 20, 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 20, 2012    

CHINA ENVIRONMENT FUND III

HOLDINGS LTD.

    By:   /s/ Yun Pun Wong
     

Name:  Yun Pun Wong

     

Title:    Authorized signatory

Date: September 20, 2012     DONALD C. YE
    By:   /s/ Donald C. Ye
     
     
Date: September 20, 2012     SHELBY CHEN
    By:   /s/ Shelby Chen
     
     
Date: September 20, 2012     MICHAEL LI
    By:   /s/ Michael Li
     
     
Date: September 20, 2012     LARRY ZHANG
    By:   /s/ Larry Zhang
     
     
Date: September 20, 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 20, 2012     AQUA RESOURCES ASIA HOLDINGS LIMITED
    By:   /s/ Kimberly Tara
     

Name:  Kimberly Tara

     

Title:    Director

Date: September 20, 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 20, 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 20, 2012     ABRAX
    By:   /s/ Manuel Salvisberg
     

Name:  Manuel Salvisberg

     

Title:    Director

Date: September 20, 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 20, 2012     IWU INTERNATIONAL LTD.
    By:   /s/ Li Wu Fehlmann
     

Name:  Li Wu Fehlmann

     

Title:    Director

 EX-99.1 2 d413967dex991.htm CONSORTIUM PRESS RELEASE, DATED SEPTEMBER 19, 2012 Consortium Press Release, dated September 19, 2012

Exhibit 99.1

ISS Recommends China Hydroelectric Corporation Shareholders Vote

FOR the Removal of Five Incumbent Directors and FOR the Election of All Four Nominees

of the Shareholder Group at Upcoming Extraordinary General Meeting

NEW YORK, NEW YORK, September 19, 2012 — CPI Ballpark Investments Ltd., Swiss Re Financial Products Corporation, China Environment Fund III, L.P., Aqua Resources Asia Holdings Limited, Abrax and IWU International Ltd. (collectively, the “Shareholder Group”) today announced that ISS, a leading independent proxy voting advisory firm, has recommended that shareholders of China Hydroelectric Corporation (NYSE: CHC, CHCWS) (the “Company”) vote on the WHITE proxy card to remove five incumbent directors and to elect all four of the Shareholder Group’s nominees to the Company’s Board of Directors.

The Shareholder Group is pleased that ISS supports and recommends (1) the removal of five incumbent directors, John D. Kuhns, Richard H. Hochman, Shadron Lee Stastney, Anthony H. Dixon and Stephen Outerbridge, and (2) the election of its four nominees, Moonkyung Kim, Jui Kian Lim, Amit Gupta and Yun Pun Wong, to the Board of Directors of China Hydroelectric Corporation. Given the significant strategic and operational issues at the Company, and the apparent lack of credibility and accountability on the current Board, the Shareholder Group believes it is imperative that shareholders follow the ISS recommendation to vote for its highly qualified director nominees and to remove five incumbent board members. The Shareholder Group strongly believes that voting for its nominees and for the removal of five of the incumbent board members will help to ensure that the Company is being run in a manner that is in the best interest of all shareholders.

In reaching its conclusion, ISS noted that the Shareholder Group members “appear to be driven to action principally by enormous, inexorable decline in shareholder value since the company became public, rather than any opportunistic angle.” ISS further noted that the Shareholder Group “has made a compelling case the [existing] board is unwilling or unable to address the chief challenges before it” and that “it may be in shareholders’ best interests to reduce the risk of unintended consequences by electing all four qualified [Shareholder Group] nominees.”

ISS concluded by recommending that shareholders should vote on the WHITE proxy card:

 

  •  

FOR the proposals to remove five incumbent directors, John D. Kuhns, Richard H. Hochman, Shadron Lee Stastney, Anthony H. Dixon and Stephen Outerbridge; and

 

  •  

FOR the proposal to elect four new directors, Moonkyung Kim, Jui Kian Lim, Amit Gupta and Yun Pun Wong

The Shareholder Group urges all shareholders to follow ISS’s recommendation for change on the Company’s Board of Directors. Vote the WHITE proxy card TODAY to (i) elect each of Moonkyung Kim, Jui Kian Lim, Amit Gupta and Yun Pun Wong and (ii) remove each of John D. Kuhns, Richard H. Hochman, Shadron Lee Stastney, Anthony H. Dixon and Stephen Outerbridge.

The Shareholder Group reminds the shareholders of the Company that the extraordinary general meeting (the “EGM”) will be held on September 28, 2012, 9 a.m. Hong Kong time, at the offices of O’Melveny & Myers, 31st Floor, AIA Central, 1 Connaught Road, Central, Hong Kong to consider the resolutions set forth in the amended and restated Notice of Extraordinary General Meeting of the Shareholders and Proxy Statement delivered to the shareholders of the Company who are entitled to vote their Company shares at the EGM (and attached as Exhibit 99.3 to Amendment No 3. to the Schedule 13D filed by the Shareholder Group with the U.S. Securities and Exchange Commission on August 30, 2012).

If you have any questions about how to vote your shares or require any assistance in executing your proxy, please contact the Shareholder Group’s proxy solicitor, Innisfree M&A Incorporated, at +1-212-750-5833.

 

Contact:
Innisfree M&A Incorporated
Jonathan Salzberger

(212) 750-5833

jsalzberger@innisfreema.com