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TABLE OF CONTENTS
Table of Contents
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13E-3
(Amendment No. 3)
RULE 13e-3 TRANSACTION STATEMENT UNDER SECTION 13(E)
OF THE SECURITIES EXCHANGE ACT OF 1934
China Hydroelectric Corporation
(Name of the Issuer)
China Hydroelectric Corporation
CPT Wyndham Holdings Ltd.
CPT Wyndham Sub Ltd.
CPI Ballpark Investments Ltd
NewQuest Asia Fund I, L.P.
NewQuest Asia Fund II, L.P.
China Environment Fund III, L.P.
(Names of Persons Filing Statement)
Ordinary Shares, par value $0.001 per share
American Depositary Shares, each representing three Ordinary Shares
(Title of Class of Securities)
16949D101
(CUSIP Number)
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China Hydroelectric Corporation
901 Marco Polo Plaza Building
No. 80 Anli Road
Chaoyang District, Beijing, 100101
People's Republic of China
Tel: +86 10 5963 6881
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CPT Wyndham Holdings Ltd.
CPT Wyndham Sub Ltd.
NewQuest Asia Fund I, L.P.
c/o Intertrust Corporate Services (Cayman) Limited
190 Elgin Avenue, George Town
Grand Cayman KY1-9005, Cayman Islands
Tel: +1 (345) 943-3100
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NewQuest Asia Fund II, L.P.
c/o Trident Trust Company (Cayman) Limited
PO Box 847, One Capital Place, George Town
Grand Cayman, Cayman Islands
Tel: +1 (345) 949-0880
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CPI Ballpark Investments Ltd
10th Floor, Raffles Tower, 19 Cybercity
Ebene, Republic of Mauritius
Tel: +230 404-6000
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China Environment Fund III, L.P.
Unit 2301, 23/F, New World Tower 1, 16-18
Queen's Road Central, Central, Hong Kong
Tel: +852 3628 3859
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(Name,
Address and Telephone Number of Person Authorized to Receive Notices and Communications)
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With copies to:
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Kirtee Kapoor, Esq.
Davis Polk & Wardwell
The Hong Kong Club Building
31 Chater Road
Hong Kong
Tel: +852 2533 3300
Fax: +852 2533 3388
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Akiko Mikumo, Esq.
Weil, Gotshal & Manges LLP
29/F Alexandra House
18 Chater Road
Central, Hong Kong
Tel: +852 3476 9000
Fax: +852 3015 9354
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Portia Ku, Esq.
O'Melveny & Myers
2765 Sand Hill Rd.
Menlo Park, CA 94025
United States of America
Tel: +1 (650) 473-2630
Fax: +1 (650) 473-2601
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This
statement is filed in connection with (check the appropriate box):
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a
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o
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The filing of solicitation materials or an information statement subject to Regulation 14A, Regulation 14-C or Rule 13e-3(c) under the Securities Exchange Act of 1934.
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b
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o
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The filing of a registration statement under the Securities Act of 1933.
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c
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o
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A tender offer
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d
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ý
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None of the above
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Check
the following box if the soliciting materials or information statement referred to in checking box (a) are preliminary
copies:
o
Check the following box if the filing is a final amendment reporting the results of the transaction:
o
Calculation of Filing Fee
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Transactional Valuation*
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Amount of Filing Fee**
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$78,997,945.45
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$10,174.94
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*
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Calculated
solely for the purpose of determining the filing fee in accordance with Rule 0-11(b)(1) under the Securities Exchange Act of 1934, as
amended. The filing fee is calculated based on the sum of (a) the aggregate cash payment for the proposed per share cash payment of $1.17 for 66,549,945 outstanding Shares of the issuer subject
to the transaction (which is the total outstanding shares less the rollover shares not being acquired), plus (b) the product of 2,117,451 exercisable options to purchase Shares multiplied by
$0.54 per option (which is the difference between the $1.17 per share merger consideration and the weighted average exercise price of approximately $0.63 per share ((a) and (b) together, the
"Transaction Valuation").
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**
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The
amount of the filing fee, calculated in accordance with Exchange Act Rule 0-11(b)(1) and the Securities and Exchange Commission Fee Rate Advisory
#1 for Fiscal Year 2014, was calculated by multiplying the Transaction Valuation by 0.00012880.
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o
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Check
box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with
which the offsetting of the fee was previously paid. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.
Table of Contents
TABLE OF CONTENTS
Table of Contents
INTRODUCTION
This Rule 13e-3 transaction statement on Schedule 13E-3, together with the exhibits hereto (this "Transaction
Statement"), is being filed with the Securities and Exchange Commission (the "SEC") pursuant to Section 13(e) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), jointly by
the following persons (each, a "Filing Person," and collectively, the "Filing Persons"): (a) China Hydroelectric Corporation, a Cayman Islands exempted company with limited liability (the
"Company"), the issuer of the registered ordinary shares, par value $0.001 per share (each, a "Share" and, collectively, the "Shares"), including the Shares represented by the Company's American
depositary shares, each representing three Shares ("ADSs"), that is subject to the transaction pursuant to Rule 13e-3 under the Exchange Act; (b) CPT Wyndham Holdings Ltd., a
Cayman Islands exempted company with limited liability ("Parent"); (c) CPT Wyndham Sub Ltd., a Cayman Islands exempted company with limited liability ("Merger Sub"); (d) CPI
Ballpark Investments Ltd, a Mauritius limited liability company ("CPI Ballpark"); (e) NewQuest Asia Fund I, L.P., a Cayman Islands exempted limited partnership;
(f) NewQuest Asia Fund II, L.P., a Cayman Islands exempted limited partnership (together with NewQuest Asia Fund I, L.P., the "NewQuest Funds" or the "Sponsors" and, together,
with CPI Ballpark, "NewQuest"); and (g) China Environment Fund III, L.P., a Cayman Islands exempted limited partnership ("CEF"). NewQuest, CEF, Parent and Merger Sub are collectively
referred to herein as the "Buyer Group".
On
January 13, 2014, Parent, Merger Sub and the Company entered into an agreement and plan of merger (as may be amended form time to time, the "merger agreement"), which included
a plan of merger required to be filed with the Registrar of Companies of the Cayman Islands, substantially in the form attached as Annex A to the merger agreement (the "plan of merger"). If the
merger agreement is approved and authorized by the Company's shareholders and the other conditions to the closing of the merger (as described below) are satisfied, Merger Sub will merge with and into
the Company (the "merger"), with the Company continuing as the surviving company after the merger as a wholly owned subsidiary of Parent.
Under the terms of the merger agreement, at the effective time of the merger (the "effective time"), each outstanding Share (including Shares represented by ADSs) other than Excluded
Shares (as defined below) will be cancelled in exchange for the right to receive $1.17 per Share or $3.51 per ADS (less $0.05 per ADS cancellation fees pursuant to the terms of the deposit agreement
dated January 25, 2010, by and among the Company, The Bank of New York Mellon, as depositary (the "ADS depositary") and the holders and beneficial owners of ADSs issued thereunder), in each
case, in cash and without interest, and net of any applicable withholding taxes. "Excluded Shares" are (i) Shares and ADSs beneficially owned (as determined pursuant to Rule 13d-3 under
the Exchange Act) by Parent or any wholly-owned subsidiary of Parent (including Merger Sub) immediately prior to the effective time, including each Share or ADS to be contributed to Parent by the
Rollover Shareholders (as defined below) in connection with the rollover and support agreement dated as of January 13, 2014 (as may be amended form time to time, the "rollover agreement")
entered into by Parent and the Rollover Shareholders and each Share or ADS which may be contributed to Parent by certain other shareholders of the Company in accordance with certain additional
rollover agreements, if any, which are entered into, with the prior consent of the special committee, by such shareholders and Parent from the date of the merger agreement until the closing date of
the merger, and (ii) Shares ("Dissenting Shares") owned by holders of Shares who have validly exercised and not effectively withdrawn or lost their dissenters' rights pursuant to
Section 238 of the Companies Law (2013 Revision) of the Cayman Islands (the "Cayman Companies Law") ("Dissenting Shareholders"). At the effective time, the Excluded Shares (other than
Dissenting Shares) will be cancelled for no consideration.
In
addition, at the effective time, each outstanding vested and unexercised option to purchase Shares granted under the Company's 2008 Share Incentive Plan (the "Company Incentive Plan")
will be cancelled and converted into the right to receive, as soon as practicable after the effective time, a
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cash
amount equal to the number of Shares underlying such vested option immediately prior to the effective time of the merger multiplied by the amount by which $1.17 exceeds the exercise price per
Share of such vested option. At the effective time, each outstanding unvested option to purchase Shares granted under the Company Incentive Plan will be cancelled for no consideration.
Furthermore,
concurrently with the execution and delivery of the merger agreement, certain existing shareholders of the Company, namely CPI Ballpark and CEF (collectively, the "Rollover
Shareholders"), have entered into a rollover and support agreement with Parent, pursuant to which they have agreed with Parent, among other things, that (a) they will vote all of their Shares
in favor of the proposal to approve and authorize the merger agreement, the plan of merger and the transactions contemplated by the merger agreement, including the merger, and (b) the Shares
(including Shares represented by ADSs) held by them will be contributed to Parent and cancelled for no consideration in the merger and that they will subscribe for newly issued ordinary shares of
Parent immediately prior to the closing of the merger. Each Dissenting Share will be cancelled for the right to receive the fair value of such Dissenting Share as determined in accordance with
Section 238 of the Cayman Companies Law.
The
merger remains subject to the satisfaction or waiver of the conditions set forth in the merger agreement, including obtaining the requisite authorization and approval of the
shareholders of the Company. In order for the merger to be completed, the merger agreement, the plan of merger and the merger must be authorized and approved by a special resolution of the Company
passed by an affirmative vote of at least two-thirds of such shareholders of the Company entitled to do so, voting in person or by proxy as a single class at the extraordinary general meeting of
shareholders of the Company.
The Company will make available to its shareholders a proxy statement (the "proxy statement," a copy of which is attached as Exhibit (a)(1) to this Transaction Statement),
relating to the extraordinary general meeting of shareholders of the Company, at which the shareholders of the Company will consider and vote upon, among other proposals, a proposal to authorize and
approve the merger agreement, the plan of merger and the transactions contemplated by the merger agreement, including the merger. A copy of the merger agreement is attached to the proxy statement as
Annex A and is incorporated herein by reference.
The
cross-references below are being supplied pursuant to General Instruction G to Schedule 13E-3 and show the location in the proxy statement of the information required
to be included in response to the items of Schedule 13E-3. Pursuant to General Instruction F to Schedule 13E-3, the information contained in the proxy statement, including all
annexes thereto, is incorporated in its entirety herein by this reference, and the responses to each item in this Schedule 13E-3 are qualified in their entirety by the information contained in
the proxy statement and the annexes thereto. Capitalized terms used but not defined in this Transaction Statement shall have the meanings given to them in the proxy statement.
All
information contained in this Transaction Statement concerning each Filing Person has been supplied by such Filing Person. No Filing Person, including the Company, has produced any
disclosure with respect to any other Filing Person.
Item 1 Summary Term Sheet
The information set forth in the proxy statement under the following captions is incorporated herein by
reference:
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"Summary Term Sheet"
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"Questions and Answers about the Extraordinary General Meeting and the Merger"
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Item 2 Subject Company Information
(a)
Name and Address. The information set forth in the proxy statement under the following caption is
incorporated herein by reference:
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"Summary Term SheetThe Parties Involved in the Merger"
(b)
Securities. The information set forth in the proxy statement under the following captions is incorporated
herein by reference:
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"Questions and Answers about the Extraordinary General Meeting and the Merger"
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"The Extraordinary General MeetingRecord Date; Shares and ADSs Entitled to Vote"
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"Security Ownership of Certain Beneficial Owners and Management of the Company"
(c)
Trading Market and Price. The information set forth in the proxy statement under the following caption is
incorporated herein by reference:
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"Market Price of the ADSs, Dividends and Other MattersMarket Price of the ADSs"
(d)
Dividends. The information set forth in the proxy statement under the following caption is incorporated
herein by reference:
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"Market Price of the ADSs, Dividends and Other MattersDividend Policy"
(e)
Prior Public Offerings. The information set forth in the proxy statement under the following caption is
incorporated herein by reference:
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"Transactions in the Shares and ADSsPrior Public Offerings"
(f)
Prior Stock Purchases. The information set forth in the proxy statement under the following caption is
incorporated herein by reference:
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"Transactions in the Shares and ADSs"
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"Special FactorsRelated Party Transactions"
Item 3 Identity and Background of Filing Person
(a)
Name and Address. China Hydroelectric Corporation is the subject company. The information set forth in the
proxy statement under the following captions is incorporated herein by reference:
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"Summary Term SheetThe Parties Involved in the Merger"
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"Annex DDirectors and Executive Officers of Each Filing Person"
(b)
Business and Background of Entities. The information set forth in the proxy statement under the following
captions is incorporated herein by reference:
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"Summary Term SheetThe Parties Involved in the Merger"
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"Annex DDirectors and Executive Officers of Each Filing Person"
(c)
Business and Background of Natural Persons. The information set forth in the proxy statement under the
following captions is incorporated herein by reference:
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"Summary Term SheetThe Parties Involved in the Merger"
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"Annex DDirectors and Executive Officers of Each Filing Person"
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Item 4 Terms of the Transaction
(a)-(1)
Material TermsTender Offers. Not applicable.
(a)-(2)
Material TermsMerger or Similar Transactions. The information set forth in the proxy
statement under the following captions is incorporated herein by reference:
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"Summary Term Sheet"
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"Questions and Answers about the Extraordinary General Meeting and the Merger"
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"Special Factors"
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"The Extraordinary General Meeting"
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"The Merger Agreement and Plan of Merger"
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"Annex AAgreement and Plan of Merger"
(c)
Different Terms. The information set forth in the proxy statement under the following captions is
incorporated herein by reference:
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"Summary Term SheetInterests of the Company's Executive Officers and Directors in the Merger"
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"Special FactorsInterests of Certain Persons in the Merger"
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"The Extraordinary General MeetingProposals to be Considered at the Extraordinary General Meeting"
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"The Merger Agreement and Plan of Merger"
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"Annex AAgreement and Plan of Merger"
(d)
Appraisal Rights. The information set forth in the proxy statement under the following captions is
incorporated herein by reference:
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"Summary Term SheetDissenters' Rights of Shareholders"
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"Questions and Answers about the Extraordinary General Meeting and the Merger"
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"Dissenters' Rights"
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"Annex CCompanies Law (2013 Revision) of the Cayman IslandsSection 238"
(e)
Provisions for Unaffiliated Security Holders. The information set forth in the proxy statement under the
following caption is incorporated herein by reference:
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"Provisions for Unaffiliated Security Holders"
(f)
Eligibility of Listing or Trading. Not applicable.
Item 5 Past Contracts, Transactions, Negotiations and Agreements
(a)
Transactions. The information set forth in the proxy statement under the following captions is incorporated
herein by reference:
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"Special FactorsRelated Party Transactions"
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"Transactions in the Shares and ADSs"
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(b)
Significant Corporate Events. The information set forth in the proxy statement under the following captions
is incorporated herein by reference:
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"Special FactorsBackground of the Merger"
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"Special FactorsReasons for the Merger and Recommendation of the Special Committee and Our Board of
Directors"
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"Special FactorsPurpose of and Reasons for the Merger"
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"Special FactorsInterests of Certain Persons in the Merger"
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"The Merger Agreement and Plan of Merger"
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"Annex AAgreement and Plan of Merger"
(c)
Negotiations or Contacts. The information set forth in the proxy statement under the following captions is
incorporated herein by reference:
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"Special FactorsBackground of the Merger"
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"Special FactorsPlans for the Company after the Merger"
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"Special FactorsInterests of Certain Persons in the Merger"
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"The Merger Agreement and Plan of Merger"
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"Annex AAgreement and Plan of Merger"
(e)
Agreements Involving the Subject Company's Securities. The information set forth in the proxy statement
under the following captions is incorporated herein by reference:
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"Summary Term SheetPlans for the Company after the Merger"
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"Summary Term SheetRollover Agreement"
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"Summary Term SheetFinancing of the Merger"
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"Summary Term SheetShare Ownership of the Company Directors and Officers and Voting Commitments"
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"Special FactorsBackground of the Merger"
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"Special FactorsPlans for the Company after the Merger"
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"Special FactorsFinancing of the Merger"
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"Special FactorsInterests of Certain Persons in the Merger"
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"Special FactorsVoting by the Rollover Shareholders at the Extraordinary General Meeting"
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"The Merger Agreement and Plan of Merger"
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"Transactions in the Shares and ADSs"
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"Annex AAgreement and Plan of Merger"
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Item 6 Purposes of the Transaction and Plans or Proposals
(b)
Use of Securities Acquired. The information set forth in the proxy statement under the following captions is
incorporated herein by reference:
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"Summary Term Sheet"
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"Questions and Answers about the Extraordinary General Meeting and the Merger"
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"Special FactorsPurpose of and Reasons for the Merger"
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"Special FactorsEffects of the Merger on the Company"
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"The Merger Agreement and Plan of Merger"
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"Annex AAgreement and Plan of Merger"
(c)(1)-(8)
Plans. The information set forth in the proxy statement under the following captions is incorporated
herein by reference:
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"Summary Term SheetThe Merger"
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"Summary Term SheetPurposes and Effects of the Merger"
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"Summary Term SheetPlans for the Company after the Merger"
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"Summary Term SheetFinancing of the Merger"
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"Summary Term SheetInterests of the Company's Executive Officers and Directors in the Merger"
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"Special FactorsBackground of the Merger"
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"Special FactorsReasons for the Merger and Recommendation of the Special Committee and the Board of
Directors"
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"Special FactorsPurpose of and Reasons for the Merger"
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"Special FactorsEffects of the Merger on the Company"
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"Special FactorsPlans for the Company after the Merger"
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"Special FactorsFinancing of the Merger"
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"Special FactorsInterests of Certain Persons in the Merger"
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"The Merger Agreement and Plan of Merger"
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"Annex AAgreement and Plan of Merger"
Item 7 Purposes, Alternatives, Reasons and Effects
(a)
Purposes. The information set forth in the proxy statement under the following captions is incorporated
herein by reference:
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"Summary Term SheetPurposes and Effects of the Merger"
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"Summary Term SheetPlans for the Company after the Merger"
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"Special FactorsReasons for the Merger and Recommendation of the Special Committee and the Board of
Directors"
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"Special FactorsPurpose of and Reasons for the Merger"
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(b)
Alternatives. The information set forth in the proxy statement under the following
captions is incorporated herein by reference:
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"Special FactorsBackground of the Merger"
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"Special FactorsReasons for the Merger and Recommendation of the Special Committee and the Board of
Directors"
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"Special FactorsPosition of the Buyer Group as to the Fairness of the Merger"
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"Special FactorsPurpose of and Reasons for the Merger"
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"Special FactorsEffects on the Company if the Merger is not Completed"
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"Special FactorsAlternatives to the Merger"
(c)
Reasons. The information set forth in the proxy statement under the following captions is incorporated
herein by reference:
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"Summary Term SheetPurposes and Effects of the Merger"
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"Special FactorsBackground of the Merger"
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"Special FactorsReasons for the Merger and Recommendation of the Special Committee and the Board of
Directors"
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"Special FactorsPosition of the Buyer Group as to the Fairness of the Merger"
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"Special FactorsPurpose of and Reasons for the Merger"
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"Special FactorsEffects of the Merger on the Company"
(d)
Effects. The information set forth in the proxy statement under the following captions is incorporated
herein by reference:
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"Summary Term SheetPurposes and Effects of the Merger"
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"Special FactorsBackground of the Merger"
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"Special FactorsReasons for the Merger and Recommendation of the Special Committee and Our Board of
Directors"
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"Special FactorsEffects of the Merger on the Company"
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"Special FactorsPlans for the Company after the Merger"
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"Special FactorsEffects on the Company if the Merger is not Completed"
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"Special FactorsEffects of the Merger on the CompanyCompany's Net Book Value and Net Earnings"
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"Special FactorsInterests of Certain Persons in the Merger"
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"Special FactorsMaterial U.S. Federal Income Tax Consequences"
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"Special FactorsMaterial PRC Income Tax Consequences"
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"Special FactorsMaterial Cayman Islands Tax Consequences"
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"The Merger Agreement and Plan of Merger"
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"Annex AAgreement and Plan of Merger"
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Item 8 Fairness of the Transaction
(a)-(b)
Fairness; Factors Considered in Determining Fairness. The information set forth in the proxy statement
under the following captions is incorporated herein by reference:
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"Summary Term SheetRecommendations of the Special Committee and the Board of Directors"
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"Summary Term SheetPosition of the Buyer Group as to Fairness"
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"Summary Term SheetShare Ownership of the Company Directors and Officers and Voting Commitments"
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"Summary Term SheetOpinion of the Special Committee's Financial Advisor"
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"Summary Term SheetInterests of the Company's Executive Officers and Directors in the Merger"
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"Special FactorsBackground of the Merger"
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"Special FactorsReasons for the Merger and Recommendation of the Special Committee and the Board of
Directors"
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"Special FactorsPosition of the Buyer Group as to the Fairness of the Merger"
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"Special FactorsOpinion of the Special Committee's Financial Advisor"
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"Special FactorsInterests of Certain Persons in the Merger"
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"Annex BOpinion of Houlihan Lokey (China) Limited as Financial Advisor"
(c)
Approval of Security Holders. The information set forth in the proxy statement under the following captions
is incorporated herein by reference:
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"Summary Term SheetShareholder Vote Required to Authorize and Approve the Merger Agreement and Plan of
Merger"
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"Questions and Answers about the Extraordinary General Meeting and the Merger"
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"Special FactorsVoting by the Rollover Shareholders at the Extraordinary General Meeting"
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"The Extraordinary General MeetingVote Required"
(d)
Unaffiliated Representative. The information set forth in the proxy statement under the following captions
is incorporated herein by reference:
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"Special FactorsBackground of the Merger"
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"Special FactorsReasons for the Merger and Recommendation of the Special Committee and the Board of
Directors"
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"Special FactorsOpinion of the Special Committee's Financial Advisor"
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"Annex BOpinion of Houlihan Lokey (China) Limited as Financial Advisor"
(e)
Approval of Directors. The information set forth in the proxy statement under the following captions is
incorporated herein by reference:
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"Summary Term SheetRecommendations of the Special Committee and the Board of Directors"
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"Questions and Answers about the Extraordinary General Meeting and the Merger"
-
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"Special FactorsBackground of the Merger"
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Table of Contents
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"Special FactorsReasons for the Merger and Recommendation of the Special Committee and the Board of
Directors"
(f)
Other Offers. The information set forth in the proxy statement under the following captions is incorporated
herein by reference:
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"Special FactorsBackground of the Merger"
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"Special FactorsReasons for the Merger and Recommendation of the Special Committee and the Board of
Directors"
Item 9 Reports, Opinions, Appraisals and Negotiations
(a)
Report, Opinion or Appraisal. The information set forth in the proxy statement under the following captions
is incorporated herein by reference:
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"Summary Term SheetOpinion of the Special Committee's Financial Advisor"
-
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"Special FactorsBackground of the Merger"
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"Special FactorsOpinion of the Special Committee's Financial Advisor"
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"Annex BOpinion of Houlihan Lokey (China) Limited as Financial Advisor"
(b)
Preparer and Summary of the Report, Opinion or Appraisal. The information set forth in the proxy statement
under the following captions is incorporated herein by reference:
-
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"Summary Term SheetOpinion of the Special Committee's Financial Advisor"
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"Special FactorsOpinion of the Special Committee's Financial Advisor"
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"Annex BOpinion of Houlihan Lokey (China) Limited as Financial Advisor"
(c)
Availability of Documents. The information set forth in the proxy statement under the following caption is
incorporated herein by reference:
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"Where You Can Find More Information"
The
reports, opinions or appraisals referenced in this Item 9 will be made available for inspection and copying at the principal executive offices of the Company during its
regular business hours by any interested holder of the Shares or his, her or its representative who has been so designated in writing.
Item 10 Source and Amount of Funds or Other Consideration
(a)
Source of Funds. The information set forth in the proxy statement under the following captions is
incorporated herein by reference:
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"Summary Term SheetFinancing of the Merger"
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"Special FactorsFinancing of the Merger"
-
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"The Merger Agreement and Plan of Merger"
-
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"Annex AAgreement and Plan of Merger"
(b)
Conditions. The information set forth in the proxy statement under the following captions is incorporated
herein by reference:
-
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"Summary Term SheetFinancing of the Merger"
-
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"Special FactorsFinancing of the Merger"
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(c)
Expenses. The information set forth in the proxy statement under the following caption is incorporated
herein by reference:
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"Summary Term SheetFees and Expenses"
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"Special FactorsFees and Expenses"
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"The Merger Agreement and Plan of MergerFees and Expenses"
(d)
Borrowed Funds. The information set forth in the proxy statement under the following caption is incorporated
herein by reference:
-
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"Summary Term SheetFinancing of the Merger"
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"Special FactorsFinancing of the Merger"
-
-
"The Merger Agreement and Plan of MergerFinancing"
Item 11 Interest in Securities of the Subject Company
(a)
Securities Ownership. The information set forth in the proxy statement under the following captions is
incorporated herein by reference:
-
-
"Summary Term SheetShare Ownership of the Company Directors and Officers and Voting Commitments"
-
-
"Special FactorsInterests of Certain Persons in the Merger"
-
-
"Security Ownership of Certain Beneficial Owners and Management of the Company"
(b)
Securities Transactions. The information set forth in the proxy statement under the following caption is
incorporated herein by reference:
-
-
"Transactions in the Shares and ADSs"
Item 12 The Solicitation or Recommendation
(d)
Intent to Tender or Vote in a Going-Private Transaction. The information set forth in the proxy statement
under the following captions is incorporated herein by reference:
-
-
"Summary Term SheetShare Ownership of the Company Directors and Officers and Voting Commitments"
-
-
"Questions and Answers about the Extraordinary General Meeting and the Merger"
-
-
"Special FactorsVoting by the Rollover Shareholders at the Extraordinary General Meeting"
-
-
"The Extraordinary General MeetingVote Required"
-
-
"Security Ownership of Certain Beneficial Owners and Management of the Company"
(e)
Recommendations of Others. The information set forth in the proxy statement under the following captions is
incorporated herein by reference:
-
-
"Summary Term SheetRecommendations of the Special Committee and the Board of Directors"
-
-
"Summary Term SheetPosition of the Buyer Group as to Fairness"
-
-
"Summary Term SheetShare Ownership of the Company Directors and Officers and Voting Commitments"
10
Table of Contents
-
-
"Special FactorsReasons for the Merger and Recommendation of the Special Committee and Our Board of
Directors"
-
-
"Special FactorsPosition of the Buyer Group as to the Fairness of the Merger"
-
-
"The Extraordinary General MeetingOur Board's Recommendation"
Item 13 Financial Statements
(a)
Financial Information. The audited financial statements of the Company for the year ended
December 31, 2013 are incorporated herein by reference to the Company's Form 20-F for the year ended December 31, 2013, as amended, originally filed on April 21, 2014 (see
page F-1 and following pages).
The
information set forth in the proxy statement under the following captions is incorporated herein by reference:
-
-
"Financial Information"
-
-
"Where You Can Find More Information"
(b)
Pro Forma Information. Not applicable.
Item 14 Persons/Assets, Retained, Employed, Compensated or Used
(a)
Solicitation or Recommendations. The information set forth in the proxy statement under the following
caption is incorporated herein by reference:
-
-
"The Extraordinary General MeetingSolicitation of Proxies"
(b)
Employees and Corporate Assets. The information set forth in the proxy statement under the following
captions is incorporated herein by reference:
-
-
"Summary Term SheetThe Parties Involved in the Merger"
-
-
"Special FactorsInterests of Certain Persons in the Merger"
-
-
"Annex DDirectors and Executive Officers of Each Filing Person"
Item 15 Additional Information
(c)
Other Material Information. The information contained in the proxy statement, including all annexes thereto,
is incorporated herein by reference.
11
Table of Contents
Item 16 Exhibits
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(a)-(1)
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Proxy Statement of the Company dated May 23, 2014 (the "proxy statement").
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(a)-(2)
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Notice of Extraordinary General Meeting of Shareholders of the Company, incorporated herein by reference to the proxy statement.
|
(a)-(3)
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|
Form of Proxy Card, incorporated herein by reference to the proxy statement.
|
(a)-(4)
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Form of ADS Voting Instructions Card, incorporated herein by reference to the proxy statement.
|
(a)-(5)
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Press Release issued by the Company, dated January 13, 2014, incorporated herein by reference to Exhibit 99.1 to the Report on Form 6-K furnished by the Company to the Securities and Exchange Commission
on January 13, 2014.
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(b)-(1)
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Equity Commitment Letter, dated as of January 13, 2014, by and among NewQuest Asia Fund I, L.P., NewQuest Asia Fund II, L.P., and CPT Wyndham Holdings Ltd.
|
(c)-(1)
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|
Opinion of Houlihan Lokey (China) Limited, dated January 12, 2014, incorporated herein by reference to Annex B of the proxy statement.
|
(c)-(2)
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Presentation Materials prepared by Houlihan Lokey (China) Limited, dated November 15, 2013.
|
(c)-(3)
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Presentation Materials prepared by Houlihan Lokey (China) Limited, dated December 13, 2013.
|
(c)-(4)
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Presentation Materials prepared by Houlihan Lokey (China) Limited for discussion with the special committee of the board of directors of the Company, dated January 12, 2014.
|
(d)-(1)
|
|
Agreement and Plan of Merger, dated as of January 13, 2014, by and among the Company, Parent and Merger Sub incorporated herein by reference to Annex A to the proxy statement.
|
(d)-(2)
|
|
Rollover and Support Agreement, dated as of January 13, 2014, by and among CPI Ballpark Investments Ltd, China Environment Fund III, L.P., incorporated herein by reference to Annex E of the proxy
statement.
|
(d)-(3)
|
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Limited Guarantee, dated as of January 13, 2014, by NewQuest Asia Fund I, L.P. and NewQuest Asia Fund II, L.P. in favor of the Company.
|
(f)-(1)
|
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Dissenter Rights, incorporated herein by reference to the section entitled "Dissenter Rights" in the proxy statement.
|
(f)-(2)
|
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Section 238 of the Companies Law (2013 Revision) of the Cayman Islands, incorporated herein by reference to Annex C to the proxy statement.
|
(g)
|
|
Not applicable.
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12
Table of Contents
SIGNATURES
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:
May 23, 2014
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China Hydroelectric Corporation
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By:
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/s/ LIYA CHEN
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Name:
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Liya Chen
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Title:
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Chief Financial Officer
|
[Signature Page to Amendment No. 3 to the Schedule 13E-3]
13
Table of Contents
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:
May 23, 2014
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|
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CPT Wyndham Holdings Ltd.
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By:
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/s/ RAJAN ROSICK
|
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Name:
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Rajan Rosick
|
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Title:
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Director
|
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CPT Wyndham Sub Ltd.
|
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By:
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/s/ RAJAN ROSICK
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Name:
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Rajan Rosick
|
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Title:
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Director
|
[Signature Page to Amendment No. 3 to the Schedule 13E-3]
14
Table of Contents
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:
May 23, 2014
|
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|
|
|
|
|
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CPI Ballpark Investments Ltd
|
|
|
By:
|
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/s/ SUBHASH C. LALLAH
|
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|
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Name:
|
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Subhash C. Lallah
|
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|
|
|
Title:
|
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Director
|
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NewQuest Asia Fund I, L.P.
|
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By:
|
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NewQuest Asia Fund I (G.P.) Ltd., its general partner
|
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By:
|
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/s/ DARREN C. MASSARA
|
|
|
|
|
Name:
|
|
Darren C. Massara
|
|
|
|
|
Title:
|
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Director
|
|
|
By:
|
|
/s/ RANDHIRSINGH JUDDOO
|
|
|
|
|
Name:
|
|
Randhirsingh Juddoo
|
|
|
|
|
Title:
|
|
Director
|
|
|
NewQuest Asia Fund II, L.P.
|
|
|
By:
|
|
NewQuest Asia Fund II GP Ltd., its general partner
|
|
|
By:
|
|
/s/ DARREN C. MASSARA
|
|
|
|
|
Name:
|
|
Darren C. Massara
|
|
|
|
|
Title:
|
|
Director
|
|
|
By:
|
|
/s/ RANDHIRSINGH JUDDOO
|
|
|
|
|
Name:
|
|
Randhirsingh Juddoo
|
|
|
|
|
Title:
|
|
Director
|
[Signature Page to Amendment No. 3 to the Schedule 13E-3]
15
Table of Contents
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:
May 23, 2014
|
|
|
|
|
|
|
|
|
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 (FELIX) WONG
|
|
|
|
|
Name:
|
|
Yun Pun (Felix) Wong
|
|
|
|
|
Title:
|
|
Authorized Signatory
|
[Signature Page to Amendment No. 3 to the Schedule 13E-3]
16
Table of Contents
Exhibit Index
|
|
|
(a)-(1)
|
|
Proxy Statement of the Company dated May 23, 2014 (the "proxy statement").
|
(a)-(2)
|
|
Notice of Extraordinary General Meeting of Shareholders of the Company, incorporated herein by reference to the proxy statement.
|
(a)-(3)
|
|
Form of Proxy Card, incorporated herein by reference to the proxy statement.
|
(a)-(4)
|
|
Form of ADS Voting Instructions Card, incorporated herein by reference to the proxy statement.
|
(a)-(5)
|
|
Press Release issued by the Company, dated January 13, 2014, incorporated herein by reference to Exhibit 99.1 to the Report on Form 6-K furnished by the Company to the Securities and Exchange Commission
on January 13, 2014.
|
(b)-(1)
|
|
Equity Commitment Letter, dated as of January 13, 2014, by and among NewQuest Asia Fund I, L.P., NewQuest Asia Fund II, L.P., and CPT Wyndham Holdings Ltd.
|
(c)-(1)
|
|
Opinion of Houlihan Lokey (China) Limited, dated January 12, 2014, incorporated herein by reference to Annex B of the proxy statement.
|
(c)-(2)
|
|
Presentation Materials prepared by Houlihan Lokey (China) Limited, dated November 15, 2013.
|
(c)-(3)
|
|
Presentation Materials prepared by Houlihan Lokey (China) Limited, dated December 13, 2013.
|
(c)-(4)
|
|
Presentation Materials prepared by Houlihan Lokey (China) Limited for discussion with the special committee of the board of directors of the Company, dated January 12, 2014.
|
(d)-(1)
|
|
Agreement and Plan of Merger, dated as of January 13, 2014, by and among the Company, Parent and Merger Sub incorporated herein by reference to Annex A to the proxy statement.
|
(d)-(2)
|
|
Rollover and Support Agreement, dated as of January 13, 2014, by and among CPI Ballpark Investments Ltd, China Environment Fund III, L.P., incorporated herein by reference to Annex E of the proxy
statement.
|
(d)-(3)
|
|
Limited Guarantee, dated as of January 13, 2014, by NewQuest Asia Fund I, L.P. and NewQuest Asia Fund II, L.P. in favor of the Company.
|
(f)-(1)
|
|
Dissenter Rights, incorporated herein by reference to the section entitled "Dissenter Rights" in the proxy statement.
|
(f)-(2)
|
|
Section 238 of the Companies Law (2013 Revision) of the Cayman Islands, incorporated herein by reference to Annex C to the proxy statement.
|
(g)
|
|
Not applicable.
|
17
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