NAV Update (7985P)

TIDMVOC

RNS Number : 7985P

Vision Opportunity China Fund Ltd

07 October 2011

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART INTO THE UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA OR JAPAN

7 October 2011

Vision Opportunity China Fund Limited

(the "Company" or "VOC")

Net Asset Value at 31 August 2011

Vision Opportunity China Fund Limited (AIM: VOC.L) today reports that its unaudited Net Asset Value ("NAV") as at 30 September 2011 was US$18.77 million (23 September 2011: US$19.65 million).

As at 30 September 2011, VOC had 65,289,574 ordinary shares of no par value in issue (the "Ordinary Shares"), which resulted in an unaudited NAV per Ordinary Share of US$0.288 as at that date (23 September 2011: US$0.310).

 
 Portfolio Holdings                                Value (US$m)   % of NAV 
------------------------------------------------  -------------  --------- 
 QKL Stores Inc.(NASDAQ:QKLS)                              6.47     34.45% 
------------------------------------------------  -------------  --------- 
 Shengkai Innovations, Inc. (NASDAQ:VALV)                  3.79     20.19% 
------------------------------------------------  -------------  --------- 
 Tianyin Pharmaceutical Co. (AMEX:TPI)                     0.18      0.96% 
------------------------------------------------  -------------  --------- 
 Wuhan General Group (China) Inc. (NASDAQ:WUHN)            0.96      0.51% 
------------------------------------------------  -------------  --------- 
 Keyuan Petrochemicals Inc. (NASDAQ:KEYP)                  0.02      0.12% 
------------------------------------------------  -------------  --------- 
 China Integrated Energy Inc. (OTCPK:CBEH)*                0.00       0.0% 
------------------------------------------------  -------------  --------- 
 Cash and cash equivalents                                 8.36     44.52% 
------------------------------------------------  -------------  --------- 
 

* This investment is currently valued at US$nil.

 
 Portfolio Breakdown          Value (US$m)   % of NAV 
---------------------------  -------------  --------- 
 Preferred Stock                      5.61     29.87% 
---------------------------  -------------  --------- 
 Common Stock                         4.18     22.27% 
---------------------------  -------------  --------- 
 Warrants- Time Value                 0.77      4.09% 
---------------------------  -------------  --------- 
 Warrants- Intrinsic Value             0.0       0.0% 
---------------------------  -------------  --------- 
 Cash and cash equivalents            8.36     44.52% 
---------------------------  -------------  --------- 
 

For further information, please contact:

Vision Opportunity China Fund Limited Tel: [phone]

Rebecca Kerner / Adam Benowitz

Canaccord Genuity Limited Tel: [phone]

Guy Blakeney / Sue Inglis

Financial Dynamics Tel: [phone]

Ed Gascoigne-Pees / Ed Berry

NOTE TO EDITORS

Vision Opportunity China Fund Limited is a closed-ended fund traded on AIM. VOC primarily invests directly in listed companies with operations principally within Greater China.

Greater China is a collective term for the territories administered by the People's Republic of China, those administered by the Republic of China and Singapore.

This information is provided by RNS

The company news service from the London Stock Exchange

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