Notification of Major Interest in Shares (6593H)

TIDMVOC

RNS Number : 6593H

Vision Opportunity China Fund Ltd

01 June 2011

 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
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 1. Identity of the issuer or the 
 underlying issuer of existing shares to     Vision Opportunity China Fund 
 which voting rights are attached: (ii)      Limited 
------------------------------------------  ---------------------------------- 
 2 Reason for the notification (please tick the appropriate box or boxes): 
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 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 
  to the 
  notification obligation: (iii)       QVT Financial LP 
------------------------------------  ---------------------------------------- 
 4. Full name of shareholder(s)        QVT Fund LP 
  (if different from 3.):(iv)           Quintessence Fund LP 
------------------------------------  ---------------------------------------- 
 5. Date of the transaction and date 
  on 
  which the threshold is crossed or 
  reached: (v)                         24 May 2011 
------------------------------------  ---------------------------------------- 
 6. Date on which issuer notified:     26 May 2011 
------------------------------------  ---------------------------------------- 
 7. Threshold(s) that is/are crossed 
  or 
  reached: (vi, vii)                   3% 
------------------------------------  ---------------------------------------- 
 
 
 
 8. Notified details: 
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 A: Voting rights attached to shares (viii, ix) 
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 Class/type 
 of shares if 
 possible       Situation previous 
 using the       to the triggering                   Resulting situation after the triggering 
 ISIN CODE       transaction                          transaction 
-------------  -----------------------------------  ------------------------------------------------------------------- 
                                  Number 
                Number             of 
                 of                Voting            Number        Number of voting        % of voting rights 
                 Shares            Rights             of shares     rights                  (x) 
-------------  ----------------  -----------------  ------------  ----------------------  ----------------------------- 
                                                                   Direct      Indirect 
                                                     Direct         (xi)        (xii)      Direct         Indirect 
-------------    ----  ------    ------  -----      ------------  ----------  ----------  -------------  -------------- 
                                  Below 
 GG00B28DJ748   Below 3%           3%                2,500,000                 2,500,000                  3.83% 
               ----------------  -----------------  ------------  ----------  ----------  -------------  -------------- 
 
 
 B: Qualifying Financial Instruments 
----------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
----------------------------------------------------------------------------------------------------------------------- 
                                                                       Number of voting 
                                                                        rights that may 
                                                                        be 
                                          Exercise/                     acquired if the 
 Type of financial      Expiration         Conversion Period            instrument is               % of voting 
  instrument             date (xiii)       (xiv)                        exercised/ converted.        rights 
---------------------  ----------------  ---------------------------  ---------------------------  -------------------- 
 
 
 C: Financial Instruments with similar economic effect to Qualifying Financial 
  Instruments (xv, xvi) 
----------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
----------------------------------------------------------------------------------------------------------------------- 
                                                 Exercise/ 
 Type of                                          Conversion       Number of voting 
 financial        Exercise      Expiration        period            rights instrument          % of voting rights 
 instrument        price         date (xvii)      (xviii)           refers to                   (xix, xx) 
---------------  ------------  ---------------  ----------------  --------------------------  ------------------------- 
                                                                                               Nominal       Delta 
---------------  ------------  ---------------  ----------------  --------------------------  ------------  ----------- 
 
 
 Total (A+B+C) 
----------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                         Percentage of voting rights 
--------------------------------------------------------------  ------------------------------------------------------- 
 2,500,000                                                       3.83% 
--------------------------------------------------------------  ------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
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 Proxy Voting: 
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 10. Name of the proxy holder: 
-------------------------------------------------  --------------------------- 
 11. Number of voting rights proxy holder will 
  cease 
  to hold: 
-------------------------------------------------  --------------------------- 
 12. Date on which proxy holder will cease to 
  hold 
  voting rights: 
-------------------------------------------------  --------------------------- 
 
 13. Additional information: 
--------------------------------------  -------------------------------------- 
 14. Contact name: 
--------------------------------------  -------------------------------------- 
 15. Contact telephone number: 
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This information is provided by RNS

The company news service from the London Stock Exchange

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