| UNITED STATES | |
| SECURITIES AND EXCHANGE COMMISSION | |
| Washington, D.C. 20549 | |
| | |
| SCHEDULE 13D | |
Under the Securities Exchange Act of 1934
(Amendment No. )*
(Name of Issuer)
Ordinary Shares, $0.10 par value
(Title of Class of Securities)
(CUSIP Number)
Paul W. Boltz, Jr., Esq.
Ropes & Gray
41st Floor, One Exchange Square
8 Connaught Place Central, Hong Kong
T +852 3664 6488
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
(Date of Event Which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
CUSIP No. 141384107 |
| 1. | Name of Reporting Person. OCP Asia Limited I.R.S. Identification No. of Above Person (Voluntary) |
| 2. | Check the Appropriate Box if a Member of a Group |
| | (a) o (b) x |
| 3. | SEC Use Only |
| 4. | Source of Funds Not applicable |
| 5. | Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o |
| 6. | Citizenship or Place of Organization Cayman Islands |
Number of Shares Beneficially Owned by Each Reporting Person With | 7. | Sole Voting Power
|
8. | Shared Voting Power 30,865,437 (1) |
9. | Sole Dispositive Power
|
10. | Shared Dispositive Power 30,865,437 (1) |
| 11. | Aggregate Amount Beneficially Owned by Each Reporting Person 30,865,437 (1) |
| 12. | Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares o |
| 13. | Percent of Class Represented by Amount in Row (11) 9.9% (1) |
| 14. | Type of Reporting Person OO, HC |
| | |
| | | | |
(1) As of February 4, 2016, the number of shares beneficially owned includes 3,422,016 Ordinary Shares, par value $0.10 per share (the “Shares”), represented by American depositary shares (“ADSs”) and a principal amount of $75,840,104 of 5.535% Convertible Senior Notes Due 2018 (the “Notes”) exercisable into 1,394,632,291 Shares, which are directly held by Orchard Centar Master Limited and Orchard Makira Master Limited. However, deed polls limit the ability of Orchard Centar Master Limited and Orchard Makira Master Limited to convert the Notes if it would result in an aggregate ownership of more than 9.9% of the Issuer’s total outstanding shares while the deed poll remains in effect. Please see Item 4 for additional details.
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CUSIP No. 141384107 |
| 1. | Name of Reporting Person. OCP Asia (Hong Kong) Limited I.R.S. Identification No. of Above Person (Voluntary) |
| 2. | Check the Appropriate Box if a Member of a Group |
| | (a) o (b) x |
| 3. | SEC Use Only |
| 4. | Source of Funds Not applicable |
| 5. | Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o |
| 6. | Citizenship or Place of Organization Hong Kong |
Number of Shares Beneficially Owned by Each Reporting Person With | 7. | Sole Voting Power
|
8. | Shared Voting Power 30,865,437 (1) |
9. | Sole Dispositive Power
|
10. | Shared Dispositive Power 30,865,437 (1) |
| 11. | Aggregate Amount Beneficially Owned by Each Reporting Person 30,865,437 (1) |
| 12. | Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares o |
| 13. | Percent of Class Represented by Amount in Row (11) 9.9% (1) |
| 14. | Type of Reporting Person OO, HC |
| | |
| | | | |
(1) As of February 4, 2016, the number of shares beneficially owned includes 3,422,016 Shares represented by ADSs and a principal amount of $75,840,104 of the Notes exercisable into 1,394,632,291 Shares, which are directly held by Orchard Centar Master Limited and Orchard Makira Master Limited. However, deed polls limit the ability of Orchard Centar Master Limited and Orchard Makira Master Limited to convert the Notes if it would result in an aggregate ownership of more than 9.9% of the Issuer’s total outstanding shares while the deed poll remains in effect. Please see Item 4 for additional details.
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CUSIP No. 141384107 |
| 1. | Name of Reporting Person. OCP Asia (Singapore) Pte. Limited I.R.S. Identification No. of Above Person (Voluntary) |
| 2. | Check the Appropriate Box if a Member of a Group |
| | (a) o (b) x |
| 3. | SEC Use Only |
| 4. | Source of Funds Not applicable |
| 5. | Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o |
| 6. | Citizenship or Place of Organization Singapore |
Number of Shares Beneficially Owned by Each Reporting Person With | 7. | Sole Voting Power
|
8. | Shared Voting Power 30,865,437 (1) |
9. | Sole Dispositive Power
|
10. | Shared Dispositive Power 30,865,437 (1) |
| 11. | Aggregate Amount Beneficially Owned by Each Reporting Person 30,865,437 (1) |
| 12. | Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares o |
| 13. | Percent of Class Represented by Amount in Row (11) 9.9% (1) |
| 14. | Type of Reporting Person OO, HC |
| | |
| | | | |
(1) As of February 4, 2016, the number of shares beneficially owned includes 3,422,016 Shares represented by ADSs and a principal amount of $75,840,104 of the Notes exercisable into 1,394,632,291 Shares, which are directly held by Orchard Centar Master Limited and Orchard Makira Master Limited. However, deed polls limit the ability of Orchard Centar Master Limited and Orchard Makira Master Limited to convert the Notes if it would result in an aggregate ownership of more than 9.9% of the Issuer’s total outstanding shares while the deed poll remains in effect. Please see Item 4 for additional details.
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CUSIP No. 141384107 |
| 1. | Name of Reporting Person. Stuart M. Wilson |
| 2. | Check the Appropriate Box if a Member of a Group |
| | (a) o (b) x |
| 3. | SEC Use Only |
| 4. | Source of Funds Not applicable |
| 5. | Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o |
| 6. | Citizenship or Place of Organization United States |
Number of Shares Beneficially Owned by Each Reporting Person With | 7. | Sole Voting Power
|
8. | Shared Voting Power 30,865,437 (1) |
9. | Sole Dispositive Power
|
10. | Shared Dispositive Power 30,865,437 (1) |
| 11. | Aggregate Amount Beneficially Owned by Each Reporting Person 30,865,437 (1) |
| 12. | Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares o |
| 13. | Percent of Class Represented by Amount in Row (11) 9.9% (1) |
| 14. | Type of Reporting Person IN |
| | |
| | | | |
(1) As of February 4, 2016, the number of shares beneficially owned includes 3,422,016 Shares represented by ADSs and a principal amount of $75,840,104 of the Notes exercisable into 1,394,632,291 Shares, which are directly held by Orchard Centar Master Limited and Orchard Makira Master Limited. However, deed polls limit the ability of Orchard Centar Master Limited and Orchard Makira Master Limited to convert the Notes if it would result in an aggregate ownership of more than 9.9% of the Issuer’s total outstanding shares while the deed poll remains in effect. Please see Item 4 for additional details.
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CUSIP No. 141384107 |
| 1. | Name of Reporting Person. Teall N. Edds |
| 2. | Check the Appropriate Box if a Member of a Group |
| | (a) o (b) x |
| 3. | SEC Use Only |
| 4. | Source of Funds Not applicable |
| 5. | Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o |
| 6. | Citizenship or Place of Organization United States |
Number of Shares Beneficially Owned by Each Reporting Person With | 7. | Sole Voting Power
|
8. | Shared Voting Power 30,865,437 (1) |
9. | Sole Dispositive Power
|
10. | Shared Dispositive Power 30,865,437 (1) |
| 11. | Aggregate Amount Beneficially Owned by Each Reporting Person 30,865,437 (1) |
| 12. | Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares o |
| 13. | Percent of Class Represented by Amount in Row (11) 9.9% (1) |
| 14. | Type of Reporting Person IN |
| | |
| | | | |
(1) As of February 4, 2016, the number of shares beneficially owned includes 3,422,016 Shares represented by ADSs and a principal amount of $75,840,104 of the Notes exercisable into 1,394,632,291 Shares, which are directly held by Orchard Centar Master Limited and Orchard Makira Master Limited. However, deed polls limit the ability of Orchard Centar Master Limited and Orchard Makira Master Limited to convert the Notes if it would result in an aggregate ownership of more than 9.9% of the Issuer’s total outstanding shares while the deed poll remains in effect. Please see Item 4 for additional details.
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SCHEDULE 13D
Item 1. | Security and Issuer |
This statement on Schedule 13D relates to the Shares of LDK Solar Co., Ltd. (the “Issuer”). The address of the principal executive offices of the Issuer is Hi-Tech Industrial Park, Xinyu City, Jiangxi Province 338032 People’s Republic of China. |
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Item 2. | Identity and Background |
| (a)-(c) | This statement is filed on behalf of each of the following persons (collectively, the “Reporting Persons”): (i) OCP Asia Limited (“OCP Asia”); (ii) OCP Asia (Hong Kong) Limited (“OCP Hong Kong”); (iii) OCP Asia (Singapore) Pte. Limited (“OCP Singapore”); (iv) Stuart M .Wilson (“Mr. Wilson”); and (v) Teall N. Edds (“Mr. Edds”). This statement relates to the Shares held, or which may be acquired, for the accounts of Orchard Centar Master Limited (the “Centar Fund”) and Orchard Makira Master Limited (the “Makira Fund”). OCP Asia serves as the investment adviser to the Centar Fund and the Makira Fund. OCP Hong Kong and OCP Singapore are wholly-owned subsidiaries of OCP Asia which serve as sub-managers to the Centar Fund and The Makira Fund. In such capacities, OCP Asia, OCP Hong Kong and OCP Singapore may be deemed to have voting and dispositive power over the Shares held, or which may be acquired, for the accounts of the Centar Fund and the Makira Fund. Mr. Wilson and Mr. Edds are the controlling shareholders of OCP Asia. In such capacities, Mr. Wilson and Mr. Edds may be deemed to have voting and dispositive power over the Shares held, or which may be acquired, for the accounts of Centar Fund and the Makira Fund. Neither Mr. Wilson nor Mr. Edds holds any Shares directly, and each disclaims beneficial ownership of the Shares held, or which may be acquired, for the account of the Centar Fund and the Makira Fund. With respect to each of the Reporting Persons, the names of each of the executive officers and directors, or persons holding equivalent positions, of such Reporting Person and their respective principal business address, principal occupation and citizenship are provided in Schedule 1 hereto. As described in Item 4, the Reporting Persons and certain other holders of the Notes, namely BFAM Asian Opportunities Master Fund, L.P. (“BFAM”) and D. E. Shaw Galvanic International, Inc. (“D.E. Shaw”), delivered a written notice of default to the Issuer, dated February 4, 2016 (the “Default Notice”), and have jointly filed a winding up petition with respect to the Issuer, dated February 5, 2016 (the “Winding Up Petition”). As a result, the Reporting Persons, BFAM and D.E. Shaw may be deemed to constitute a “group” within the meaning of Rule 13d-5 under the Act; however, neither the present filing nor anything contained herein shall be construed as an admission that the Reporting Persons (or any of them) constitute a “group” with BFAM or D.E. Shaw (or any of their affiliates) for any purpose. Pursuant to Rule 13d-1(k)(2), the Reporting Persons, BFAM and D.E. Shaw are filing or have filed separate statements on Schedule 13D with respect to the Shares. |
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| | Information about BFAM and D.E. Shaw is expected to be contained in their respective Schedule 13D filings to be filed as a result of their participation in the execution of the Default Notice and filing of the Winding Up Petition. The Reporting Persons take no responsibility for the information contained in any Schedule 13D or amendment thereto filed or to be filed by BFAM or D.E. Shaw (or any of their affiliates). The agreement among the Reporting Persons to make this single, joint filing is annexed hereto as Exhibit A. |
| (d)-(e) | During the last five years, none of the persons or entities referred to in this Item 2 have been (i) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. |
| (f) | Citizenship: (i) OCP Asia is a Cayman Islands incorporated limited company; (ii) OCP Hong Kong is a Hong Kong incorporated limited company; (iii) OCP Singapore is a Singapore incorporated limited company; and (iv) Mr. Wilson is a citizen of the United States; (v) Mr. Edds is a citizen of the United States. |
| |
Item 3. | Source and Amount of Funds |
The source of funds for the Reporting Persons’ acquisition of the Shares referred to in Item 4 below was the respective working capital, or funds available for investment, of the Centar Fund and the Makira Fund. |
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Item 4. | Purpose of Transaction |
As of February 4, 2016, the Centar Fund held 3,016,912 Shares represented by ADSs and the Makira Fund held 405,104 Shares represented by ADSs, or 0.97% and 0.13% of the total Shares outstanding, respectively, based on a total of 311,772,098 Shares issued and outstanding as of June 30, 2015, as reported in the Issuer’s Report on Form 6-K filed with the Securities and Exchange Commission on September 30, 2015.
As of February 4, 2016, the Centar Fund and the Makira Fund (collectively, the “OCP Noteholders”) held principal amounts of $64,793,767 and $11,046,337 of the Notes, respectively. The indenture for the Notes, dated December 10, 2014 (the “Indenture”), provides that the Notes are convertible into Shares at a floating rate (the “Floating Conversion Rate”) calculated as the number of Shares into which $1,000 of the principal amount of the Notes may be convertible at the volume weighted average price of the Issuer’s ADSs for the 20-trading-day period immediately prior to (but excluding) the date of the notice of conversion (one ADS being equal to one Share), subject to certain limitations as set forth below. The Indenture further provides that during the one year period from April 1, 2015 to March 31, 2016, no more than $62.5 million of the aggregate principal amount of the Notes may be converted, and no more than $20 million of the aggregate principal amount of the Notes may be converted during any rolling quarter during that one year period.
The aggregate principal amount of the Notes directly held by the OCP Noteholders was convertible into 1,394,632,291 Shares based on an assumed Floating Conversion Rate of $0.05438 on February 4, 2016, or 81.73% of the total Shares outstanding. However, the OCP Noteholders each agreed pursuant to a series of deed polls dated April 1, 2015, April 28, 2015, May 30, 2015, June 29, 2015, July 27, 2015, August 25, 2015, September 28, 2015, October 26, 2015, November 26, 2015, December 23, 2015 and January 19, 2016 executed by each of the OCP Noteholders for the benefit of the Issuer to further limit their conversion rights such that the conversion rights may be exercised only to the extent that immediately following such conversion the OCP Noteholders own no more than 9.99% of the total number of Shares outstanding (the “Conversion Limit”). A copy of the currently effective deed polls, each dated January 19, 2016, which will expire by their terms on April 25, 2016, are attached hereto as Exhibits D and E.
According to the Issuer’s public announcements, on November 17, 2015, the Issuer completed a bankruptcy restructuring with respect to certain of its PRC-based subsidiaries. Such bankruptcy restructuring resulted in a default under the Indenture upon which the principal of, and any premium and accrued and unpaid interest on, all of the Notes became immediately due and payable.
In connection with such default, the Reporting Persons, BFAM and D.E. Shaw engaged in informal discussions with one another regarding potential alternatives for enforcing their rights as holders of the Notes. On February 4, 2016, the Reporting Persons, BFAM and D.E. Shaw determined to deliver the Notice of Default to the Issuer stating that the Issuer was in default of the Notes under the terms of the Indenture. The Default Notice contained a statement demanding confirmation by February 5, 2016 at 5:00 pm (Hong Kong time) that the Issuer had paid all amounts due under the Notes. A copy of the Notice of Default is attached hereto as Exhibit B.
Having not received such confirmation of payment by 5:00 pm (Hong Kong time) on February 5, 2016 as demanded in the Default Notice, the Reporting Persons, BFAM and D.E. Shaw jointly determined to execute and file the Winding Up Petition in the Grand Court of the Cayman Islands, the Issuer’s jurisdiction of incorporation, to request, among other things, an order to wind up and liquidate the Issuer. A copy of the Winding Up Petition is attached hereto as Exhibit C.
Except as otherwise described in this statement, the Reporting Persons do not have any present plans or proposals that relate to or would result in: (i) the acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer; (ii) an extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries; (iii) a sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries; (iv) any change in the present board of directors or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board; (v) any material change in the present capitalization or dividend policy of the Issuer; (vi) any other material change in the Issuer’s business or corporate structure; (vii) changes in the Issuer’s charter, by-laws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer by any person; (viii) causing a class of securities of the Issuer to be de-listed from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; (ix) a class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Act; or (x) any action similar to any of those enumerated above.
The Reporting Persons may change their present intentions at any time and therefore reserve their right to make alternative plans or proposals in the future or take any other steps to enhance the value of their investment. The Reporting Persons may, from time to time, depending on market conditions and other considerations, acquire additional securities, take other steps to enhance the value of their investment or dispose of some or all of the securities of the Issuer held by them, including through trades in the open market, through privately negotiated transactions with third parties or otherwise. These potential actions could involve one or more of the events referred to above, including, potentially, one or more mergers, consolidations, sales or acquisitions of assets, change in control, issuances, purchases, dispositions or pledges of securities or other changes in capitalization. In addition, from time to time the Reporting Persons and their representatives and advisers may communicate with other shareholders, industry participants and other interested parties concerning the Issuer.
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Item 5. | Interest in Securities of Issuer |
(a) The information requested by this paragraph is incorporated herein by reference to the information provided on the cover pages to this Schedule 13D. (b) The information requested by this paragraph is incorporated herein by reference to the information provided on the cover pages to this Schedule 13D. |
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(c) Except as disclosed herein, none of the Reporting Persons or their affiliates has effected any transactions in the securities of the Issuer during the past 60 days. (d) No person other than the Reporting Persons or any of the persons set forth in Item 2 has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the Shares. (e) Not Applicable. |
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Item 6. | Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer |
The information provided in Items 4 and 5 is hereby incorporated by reference. |
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Item 7. | Material to be Filed as Exhibits. |
Exhibit A — Joint Filing Agreement by and among the Reporting Persons, dated February 16, 2016 Exhibit B — Default Notice to LDK Solar Co., Ltd., dated February 4, 2016 Exhibit C — Winding Up Petition with respect to LDK Solar Co., Ltd., dated February 5, 2016 Exhibit D — Noteholder’s Deed Poll by Orchard Centar Master Limited, dated January 19, 2106 Exhibit E — Noteholder’s Deed Poll by Orchard Makira Master Limited, dated January 19, 2106 |
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SIGNATURES
After reasonable inquiry and to the best of their knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.
Dated: February 16, 2016 | | |
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OCP ASIA LIMITED | | |
| | |
By: | /s/ Colin Smith | | |
Name: | Colin Smith | | |
Title: | Authorized Signatory | | |
| | | |
OCP ASIA (HONG KONG) LIMITED | | |
| | |
By: | /s/ Ben Harris | | |
Name: | Ben Harris | | |
Title: | Authorized Signatory | | |
| | | |
OCP ASIA (SINGAPORE) PTE. LIMITED | | |
| | |
By: | /s/ Colin Smith | | |
Name: | Colin Smith | | |
Title: | Authorized Signatory | | |
| | | |
/s/ Stuart M. Wilson | | |
Stuart M. Wilson | | |
| | |
/s/ Teall N. Edds | | |
Teall N. Edds | | |
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SCHEDULE 1
Executive Officers, Directors and Control Persons of the Reporting Persons
The following are each of the executive officers and directors, or persons holding equivalent positions, of OCP Asia Limited and their principal occupation or employment and citizenship.
Name | | Principal Occupation | | Citizenship | | Principal Business Address |
Board of Directors | | | | | | |
Stuart M. Wilson | | Portfolio Manager | | United States | | c/o OCP Asia (Singapore) Limited, 350 Orchard Road, #12-01/03 Shaw House, Singapore 238868 |
Teall N. Edds | | Portfolio Manager | | United States | | c/o OCP Asia (Singapore) Limited, 350 Orchard Road, #12-01/03 Shaw House, Singapore 238868 |
Executive Officers | | | | | | |
Stuart M. Wilson | | As above | | As above | | As above |
Teall N. Edds | | As above | | As above | | As above |
Daniel Simmons | | Portfolio Manager | | Australia | | c/o OCP Asia (Hong Kong) Limited, 34/F Gloucester Tower, The Landmark, 15 Queen’s Rd, Central, Hong Kong |
Colin Smith | | General Counsel | | United Kingdom | | c/o OCP Asia (Hong Kong) Limited, 34/F Gloucester Tower, The Landmark, 15 Queen’s Rd, Central, Hong Kong |
Nick Cusack | | Chief Operating Officer | | Australia | | c/o OCP Asia (Singapore) Limited, 350 Orchard Road, #12-01/03 Shaw House, Singapore 238868 |
The following are each of the executive officers and directors, or persons holding equivalent positions, of OCP Asia (Hong Kong) Limited and their principal occupation or employment and citizenship.
Name | | Principal Occupation | | Citizenship | | Principal Business Address |
Board of Directors | | | | | | |
Stuart M. Wilson | | Portfolio Manager | | United States | | c/o OCP Asia (Singapore) Limited, 350 Orchard Road, #12-01/03 Shaw House, Singapore 238868 |
Colin Smith | | General Counsel | | United Kingdom | | c/o OCP Asia (Hong Kong) Limited, 34/F Gloucester Tower, The Landmark, 15 Queen’s Rd, Central, Hong Kong |
Ben Harris | | Legal Counsel | | United Kingdom | | c/o OCP Asia (Hong Kong) Limited, 34/F Gloucester Tower, The Landmark, 15 Queen’s Rd, Central, Hong Kong |
Executive Officers | | | | | | |
Stuart M. Wilson | | As above | | As above | | As above |
Teall N. Edds | | Portfolio Manager | | United States | | c/o OCP Asia (Singapore) Limited, 350 Orchard Road, #12-01/03 Shaw House, Singapore 238868 |
Daniel Simmons | | Portfolio Manager | | Australia | | c/o OCP Asia (Hong Kong) Limited, 34/F Gloucester Tower, The Landmark, 15 Queen’s Rd, Central, Hong Kong |
Colin Smith | | As above | | As above | | As above |
Nick Cusack | | Chief Operating Officer | | Australia | | c/o OCP Asia (Singapore) Limited, 350 Orchard Road, #12-01/03 Shaw House, Singapore 238868 |
The following are each of the executive officers and directors, or persons holding equivalent positions, of OCP Asia (Singapore) Pte. Limited and their principal occupation or employment and citizenship.
Name | | Principal Occupation | | Citizenship | | Principal Business Address |
Board of Directors | | | | | | |
Stuart M. Wilson | | Portfolio Manager | | United States | | c/o OCP Asia (Singapore) Limited, 350 Orchard Road, #12-01/03 Shaw House, Singapore 238868 |
Teall N. Edds | | Portfolio Manager | | United States | | c/o OCP Asia (Singapore) Limited, 350 Orchard Road, #12-01/03 Shaw House, Singapore 238868 |
Colin Smith | | General Counsel | | United Kingdom | | c/o OCP Asia (Hong Kong) Limited, 34/F Gloucester Tower, The Landmark, 15 Queen’s Rd, Central, Hong Kong |
Executive Officers | | | | | | |
Stuart M. Wilson | | As above | | As above | | As above |
Teall N. Edds | | As above | | As above | | As above |
Daniel Simmons | | Portfolio Manager | | Australia | | c/o OCP Asia (Hong Kong) Limited, 34/F Gloucester Tower, The Landmark, 15 Queen’s Rd, Central, Hong Kong |
Colin Smith | | General Counsel | | United Kingdom | | c/o OCP Asia (Hong Kong) Limited, 34/F Gloucester Tower, The Landmark, 15 Queen’s Rd, Central, Hong Kong |
Nick Cusack | | Chief Operating Officer | | Australia | | c/o OCP Asia (Singapore) Limited, 350 Orchard Road, #12-01/03 Shaw House, Singapore 238868 |
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