China Growth Share Discussion Threads

[eye2] 16/8/2012 17:25

RNS Number : 2110K

China Growth Opportunities Ltd

16 August 2012

TR-1:NOTIFICATION OF MAJOR INTEREST IN SHARES
-----------------------------------------------------------------------------------------

1. Identity of the issuer or the underlying China Growth Opportunities Limited
issuer
of existing shares to which voting rights
are
attached: (ii)
-------------------------------------------------- -------------------------------------
2 Reason for the notification (please tick the appropriate box or boxes):
-----------------------------------------------------------------------------------------
An acquisition or disposal of voting rights X
-------------------------------------------------------------------------------- -------
An acquisition or disposal of qualifying financial instruments
which may result in the acquisition of shares already issued to
which voting rights are attached
-------------------------------------------------------------------------------- -------
An acquisition or disposal of instruments with similar economic
effect to qualifying financial instruments
-------------------------------------------------------------------------------- -------
An event changing the breakdown of voting rights
-------------------------------------------------------------------------------- -------
Other (please
specify):
------------------- ----------------------------------------------------------- -------
3. Full name of person(s) subject QVT Financial LP
to the
notification obligation: (iii)
-------------------------------------------- -------------------------------------------
4. Full name of shareholder(s) QVT Fund LP
(if different from 3.):(iv) Quintessence Fund L.P.
-------------------------------------------- -------------------------------------------
5. Date of the transaction and date 13 August 2012
on
which the threshold is crossed
or
reached: (v)
-------------------------------------------- -------------------------------------------
6. Date on which issuer notified: 16 August 2012
-------------------------------------------- -------------------------------------------
7. Threshold(s) that is/are crossed
or
reached: (vi, vii) 9%-7%
-------------------------------------------- -------------------------------------------



8. Notified details:
--------------------------------------------------------------------------------------------------------------------------
A: Voting rights attached to shares (viii, ix)
--------------------------------------------------------------------------------------------------------------------------
Class/type Situation previous Resulting situation after the triggering
of to the triggering transaction
shares transaction

if possible
using
the ISIN
CODE
------------- ------------------------------------- --------------------------------------------------------------------
Number Number Number Number of voting % of voting rights
of of of shares rights (x)
Shares Voting
Rights
------------- ---------------- ------------------- ------------ ----------------------- -----------------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
------------- ----- ------- ------ ------ --- ------------ ----------- ---------- ------------- --------------
GB00B0XF7K04 6,869,796 6,869,796 4,369,796 4,369,796 6.24%
---------------- ------------------- ------------ ----------- ---------- ------------- --------------


B: Qualifying Financial Instruments
--------------------------------------------------------------------------------------------------------------------------
Resulting situation

[moreforus] 16/8/2012 14:25

we should have had one already from this guy imho....

QVT Financial LP

dumped 2.5 mill last month....

[hope67] 16/8/2012 14:23

Wander if we will get another holdings rns tomorrow

[marab] 16/8/2012 09:35

I was thinking perhaps a strategic share holding level. Or someone made a mistake.

[lufc5] 16/8/2012 09:29

Maybe take whoever over/under a certain tax threshold?
Just a wild stab in the dark as it's a strange one is that.

[moreforus] 16/8/2012 09:21

agree...bit odd maybe book balancing exercise??

why pay 350 quid for something you can buy for 0.90p?

[tomboyb] 16/8/2012 09:21

Shows a degree of confidence - wait till the overhang clears -

[marab] 16/8/2012 09:13

Okay mystery solved. The proposed 1p warrants were replaced by 5p warrants.

28th May 2012 result of EGM
Further to satisfaction of the conditions to the Subscription Agreement, Scarborough Holdings
Company Limited has subscribed for 20,000,000 new Ordinary Shares at a price of 1 pence
per share, with warrants attached on a one for one basis with an exercise price of 5p per
Ordinary Share. Application has been made to the London Stock Exchange for the
Subscription Shares

Does make you wonder why exactly 709 warrants were exercised though.

[tomboyb] 16/8/2012 08:32

There are no warrants at 1.0p - only 5p -

[marab] 16/8/2012 08:27

tomboy - when were the 5p warrants issued?

On 28 May 2012 the Company announced that it was seeking to raise £200,000 (before expenses) by way of an issue of 20,000,000 Ordinary Shares to Scarborough Holding Company Limited ("Scarborough"), with Warrants attached on a one-for-one basis, at a price of 1.0p per Ordinary Share.

· A bonus issue of warrants to shareholders on the register at the record date on the basis that shareholders received one warrant for every two Ordinary Shares held.

[moreforus] 16/8/2012 08:08

700 warrants = 350 quid

cost of rns = 250 quid....

5p sounds good though!!!

[marab] 16/8/2012 08:07

tomboyb - you must be psychic,

16 August 2012

China Growth Opportunities Limited

("China Growth" or the "Company")

Exercise of Warrants and TVR

The Company announces that it has received notice to exercise warrants over 709 ordinary shares of 1p each ("Ordinary Shares") at an exercise price of 5 pence per Ordinary Share. Accordingly, the Company will issue, in aggregate, 709 new Ordinary Shares in settlement of this exercise (the "Warrant Exercise").

[tomboyb] 14/8/2012 20:19

There are also warrants to CGOP - but only at 5p per share - ! And that was recently when MCCabe took his 28% -

[tomboyb] 14/8/2012 20:17

Interesting to see one MM handling the stock with 250k limits on it - MMs keen on taking some as well as selling some on -

[eye2] 14/8/2012 08:43

going well today .84 paid

[eye2] 14/8/2012 08:43

going well today .84 paid

[hope67] 13/8/2012 22:43

Lufc

Doh I obviously don't have a scooby doo. I just remember Zol showing late trades so it could be QVT selling more.

[lufc5] 13/8/2012 20:40

Are we likely to need Scooby Doo to help unravel this mystery?

[moreforus] 13/8/2012 20:28

Nope it was today and its resupplied a mm of stock....the directors buy in June was from a fund selling out ..again I reckon it's the shift in investing policy...I see they returned cash but raised cash from the northern rich guy...v odd

[eye2] 13/8/2012 20:12

hope yep notice the 2 .67 from this am they were mine from friday in as sells, i know my broker could me to say order filled after i did that earlier if you can see my post

[lufc5] 13/8/2012 19:21

Hope67 13 Aug'12 - 19:08 - 224 of 224

That 2.5million could it be a delayed trade from yesterday? If so might be Duncan loading up

------------------------------------------

Doubt that.....yesterday was Sunday....lol

;o)

[hope67] 13/8/2012 19:08

That 2.5million could it be a delayed trade from yesterday? If so might be Duncan loading up

[moreforus] 13/8/2012 18:30

Yep that mate is one of the funds holding ...look at the 3rd holdings end back....they sold 2.5 mill....the change in investing policy might prompt the sellers ...well get another holdings rns soon ....they'll be down to 4 mill ish

Rns not end....stoopid predicted texting

[eye2] 13/8/2012 17:36

so he bought them off ya man for .65 umm