To: jeevacationtagmail.com[jeevacation@gmail.com]; Jeffrey Epsteinueevacation@gmail.com]
From: David Stern
Sent: Wed 8/17/2011 1:30:33 PM
Subject: Re: VOC
very important: they paid out USS 20 million today as dividend, therefore the drop in share price
& NAV !!
On 17 Aug 2011, at 14:17, David Stern wrote:
I have been following this company (no special insights) because I thought we can
kick out management and take them over:
Vision China Opportunity Fund,
UK listed and managed out of NYC by Americans.
What I can tell totally mismanaged, but could be good platform if Chinese people were
involved....
Today share price collapsed another 44%.
Market Cap: USS 21.55 million
NAV: USS 45.28 million (16 August 2011)
Cash on their books
What am I missing?
<2010-Annual-Repn.pdf>
<Vision-Opportunity-China-Fund-Limited-Unaudited-Interim-Report-Consolidated-
Financial-Statements-31-March-20II-printed-version-Doc-208533-v2.pdf>
<VOC-NAV-Updatc-08-12-11.pdf5
<Announcement_12_August_20II.pdt>
Significant Shareholders
Significant Shareholder # Shares Held % Holding
City of London Investment Management Limited 18,566,332 28.44
Baillie Gifford & Co 11,185,600 17.13
Tiberius Investments & Capital (Jersey) Limited 7,187,845 11.01
QVT Financial LP 6,425,000 9.84
FIL Limited 3,607,900 5.53
Glenmede Trust Company/PCT Partners LLC 2,250,000 3.45
The information in the above table was correct as at 12 August 2011.
EFTA_R1_00472270
EFTA01982911