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China Integrated Energy, Inc. Message Board

  • phoenix_goal phoenix_goal Apr 27, 2012 11:51 AM Flag

    VOC UK now quoted .15-.18 last .16

    No trades today.
    Benowitz last paid $1.40.

    9 February 2011
    Vision Opportunity China Fund Limited
    (the “Company” or “VOC”)
    Dealing Disclosure
    Vision Opportunity China Fund Limited (AIM: VOC.L) today announces that it received notification on
    8 February 2011 from Vision Capital Advisors LLC (“VCA”), the Company’s investment manager, that
    on 8 February 2011 Adam Benowitz, Senior Managing Director and Chief Investment Officer of VCA,
    and Randolph Cohen, Senior Managing Director and President of VCA, committed to increase their
    beneficial ownership of VOC by each purchasing one half of another VCA member’s 1,395,949
    Ordinary Shares in the Company at a price of $1.40 per Ordinary Share. Following this transaction,
    Mr Benowitz and Dr Cohen will together beneficially hold 7,187,845 Ordinary Shares in the Company,
    representing 11.01 per cent. of the Company's issued share capital. The new shareholder of record of
    the aforementioned Ordinary Shares is Tiberius Investments & Capital (Jersey) Limited, an
    investment vehicle wholly owned by Mr Benowitz and Dr Cohen which has pledged these shares to
    secure a bank loan.
    In addition, VCA continues to hold 350,000 Ordinary Shares in the Company representing 0.50 per
    cent. of the Company’s issued share capital. Mr Benowitz and Dr Cohen are interested in such
    Ordinary Shares in the Company due to their ownership in a proportion of the economic rights in VCA.

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0.28870.0000(0.00%)Jul 28 2:43 PMEDT

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