UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
20549
SCHEDULE 13E-3
(Amendment No. 5)
(Rule 13E-100)
RULE 13E-3 TRANSACTION STATEMENT
Under Section 13(e) of the Securities Exchange Act of
1934
CHINA TRANSINFO TECHNOLOGY
CORP.
(Name of Issuer)
CHINA TRANSINFO TECHNOLOGY CORP.
TRANSCLOUD COMPANY
LIMITED
TRANSCLOUD ACQUISITION, INC.
SHUDONG INVESTMENTS LIMITED
KARMEN INVESTMENT HOLDINGS LIMITED
SAIF PARTNERS III, L.P.
SAIF PARTNERS IV, L.P.
SHUDONG XIA
DANXIA HUANG
SHUFENG XIA
(Name of Persons Filing Statement)
Common Stock, par value $0.001 per share
(Title of
Class of Securities)
169453107
(CUSIP Number of Class of Securities)
China TransInfo Technology Corp.
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TransCloud Company Limited
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9th Floor, Vision Building,
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TransCloud Acquisition, Inc.
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No. 39 Xueyuanlu, Haidian District,
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Shudong Investments Limited
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Beijing, China 100191
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Karmen Investment Holding Ltd.
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Attn: Shudong Xia
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Shudong Xia
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+(86) 10-51691999
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Danxia Huang
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Shufeng Xia
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SAIF Partners III L.P.
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9th Floor, Vision Building,
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SAIF Partners IV L.P.
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No. 39 Xueyuanlu, Haidian District,
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Suite 2115, Two Pacific Place
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Beijing, China 100191
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88 Queensway
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Attn: Shudong Xia
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Admiralty, Hong Kong
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+(86) 10-51691999
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Attn: Andrew Y. Yan
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+ (852) 2234 9116
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(Name, address and telephone number of person authorized to
receive
notices and communications on behalf of the persons filing
statement)
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With copies to:
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Lee Edwards
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Peter X. Huang
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Louis A. Bevilacqua
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Shearman & Sterling LLP
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Skadden, Arps, Slate, Meagher &
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Stephen R. Rusmisel
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12
th
Floor East Tower, Twin Towers
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Flom LLP
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Pillsbury Winthrop Shaw Pittman
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B-12 Jianguomenwai Dajie
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30th Floor, China World Office 2
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LLP
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Beijing 100022, China
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1 Jianguomenwai Avenue
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2300 N Street, N.W.
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Beijing 100004, China
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Washington, DC 20037
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USA
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This statement is filed in
connection with (check the appropriate box):
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[X]
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The filing of solicitation materials on an information
statement subject to Regulation 14A, Regulation 14C or Rule 13e-3(c) under
the Securities Exchange Act of 1934.
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[ ]
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The filing of a registration statement under the
Securities Act of 1933.
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[ ]
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A tender offer.
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[ ]
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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: [ ]
Check the following box if the filing is a final amendment
reporting the results of the transaction: [ ]
CALCULATION OF FILING FEE
Transaction
Valuation*
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Amount of Filing Fee**
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$76,745,899
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$8,796
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* Calculated solely for the purpose of determining the filing
fee. The filing fee is calculated based on the sum of (A) 13,071,944 shares of
common stock issued and outstanding as of June 25, 2012 (consisting of the
25,270,069 shares of common stock outstanding as of June 25, 2012 minus
12,198,125 shares held by Mr. Shudong Xia, Karmen Investment Holdings Limited,
SAIF Partners III, L.P., Ms. Danxia Huang and Mr. Shufeng Xia) multiplied by
$5.80 per share merger consideration, (B) 924,901 shares of common stock
underlying outstanding options as of June 25, 2012 multiplied by $0.98 per share
(which is the difference between the $5.80 per share merger consideration and
the weighted average exercise price of such options of $4.82 per share), and (C)
5,555 shares of common stock underlying outstanding warrants as of June 25, 2012
multiplied by $4.00 per share (which is the difference between the $5.80 per
share merger consideration and the weighted average exercise price of $1.80 per
share).
** The amount of the filing fee, calculated in accordance with
Rule 0-11(b)(1) of the Securities Exchange Act of 1934 and the Securities and
Exchange Commission Fee Rate Advisory #3 for Fiscal Year 2012, is calculated by
multiplying the Transaction Valuation by 0.0001146.
[X] Check the 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
fee was previously paid. Identify the previous filing by registration statement
number, or the Form or Schedule and the date of its filing.
Amount Previously Paid: $8,796
Form or Registration No.:
Schedule 14APreliminary Proxy Statement
Filing Party: China TransInfo Technology Corp.
Date Filed: June 26, 2012
TABLE OF CONTENTS
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Page
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INTRODUCTION
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1
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Item 1
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Summary Term Sheet
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2
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Item 2
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Subject Company Information.
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2
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Item 3
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Identity and Background of Filing Person
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3
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Item 4
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Terms of the Transaction
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3
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Item 5
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Past Contacts, Transactions, Negotiations and
Agreements
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4
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Item 6
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Purposes of the Transaction and
Plans or Proposals.
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5
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Item 7
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Purposes, Alternatives, Reasons and Effects
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6
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Item 8
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Fairness of the Transaction
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8
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Item 9
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Reports, Opinions, Appraisals and Negotiations
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9
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Item 10
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Source and Amounts of Funds or
Other Consideration
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9
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Item 11
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Interest in Securities of the Subject Company
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10
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Item 12
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The Solicitation or
Recommendation
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11
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Item 13
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Financial Statements.
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12
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Item 14
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Persons/Assets, Retained,
Employed, Compensated Or Used
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12
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Item 15
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Additional Information
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12
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Item 16
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Exhibits.
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13
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INTRODUCTION
This Amendment No. 5 to the Rule 13E-3 transaction statement on Schedule 13E-3, together with the exhibits hereto (this
Schedule 13E-3
or
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
): China TransInfo Technology Corp., a Nevada corporation (
CTFO
or the
Company
), the issuer of the common stock, par value $0.001 per share (
Company common
stock
) that is subject to the Rule 13e-3 transaction; Shudong Investments Limited, a British Virgin Islands company (
Holdco
), TransCloud Company Limited, a Cayman Islands exempted company with limited liability and a
wholly owned subsidiary of Holdco (
Parent
), TransCloud Acquisition, Inc., a Nevada corporation and a wholly owned, direct subsidiary of Parent (the
Merger Sub
), Karmen Investment Holdings Limited, a British
Virgin Islands company (
Karmen
), SAIF Partners III, L.P., a limited partnership formed in the Cayman Islands (
SAIF III
), SAIF Partners IV, L.P., a limited partnership formed in the Cayman Islands (
SAIF
IV
), Shudong Xia (
Mr. Xia
), the chairman, president, chief executive officer and secretary of the Company, Danxia Huang and Shufeng Xia.
On June 8, 2012, Parent, Merger Sub and the Company entered into an Agreement and Plan of Merger (the
merger agreement
) providing for the merger of Merger Sub with and into the Company (the
merger
), with the
Company surviving the merger as a wholly owned subsidiary of Parent. Parent and Merger Sub are currently beneficially owned by Mr. Xia. Prior to the effective time of the merger, (i) each of Mr. Xia, Karmen, Danxia Huang, Shufeng Xia and SAIF III
(collectively, the
Rollover Holders
) will contribute the shares of Company common stock beneficially owned by them (the
Rollover Shares
) to Parent in exchange for newly issued ordinary shares of Holdco, (ii) Mr.
Xia will purchase newly issued shares of Holdco for a cash purchase price of $26,955,708, and (iii) SAIF III will purchase newly issued shares of Holdco for a cash purchase price of $11,552,446. At the effective time of the merger, Parent
and Merger Sub will be beneficially owned by the Rollover Holders and SAIF IV.
Concurrently with the filing of this Schedule 13E-3, the Company is filing a Supplement (the Supplement) to the definitive proxy statement dated as of September 25, 2012 (the definitive proxy statement, as supplemented by the Supplement,
the Proxy Statement) under Regulation 14A of the Exchange Act, relating to a special meeting of the stockholders of the Company at which the stockholders of the Company will consider and vote upon, among other things, a proposal to
approve the merger agreement. A copy of the Proxy Statement is attached hereto as Exhibit (a)(1) and a copy of the merger agreement is attached as Annex A to the Proxy Statement.
Under the terms of the merger agreement, at the effective time of the merger each outstanding share of the Company common stock will be converted automatically into the right to receive $5.80 in cash (the
per share merger
consideration
), without interest, excluding (i) shares held by the Company as treasury stock or owned, directly or indirectly, by Parent, Merger Sub or any wholly owned subsidiary of the Company immediately prior to the effective time of
the merger or (ii) the Rollover Shares. The merger remains subject to the satisfaction or waiver of the conditions set forth in the merger agreement, including the affirmative vote of both (i) the holders of a majority of the Company common stock
and (ii) holders of a majority of the Company common stock (excluding the Rollover Shares) at the special meeting of the stockholders, or any adjournment or postponement thereof, in favor of the approval of the merger agreement.
As of the effective time of the merger, each outstanding, vested and unexercised option to purchase shares of Company common stock will be cancelled and converted into the right to receive, as soon as reasonably practicable after the effective time
of the merger, a cash amount equal to the number of shares underlying such option immediately prior to the effective time of the merger multiplied by the amount by which $5.80 exceeds the exercise price per share of such option, net of any
applicable withholding taxes.
As of the effective time of the merger, each outstanding and unvested option to purchase shares of Company common stock will be cancelled and converted into the right to receive, as soon as reasonably practicable after the effective time of the
merger, a restricted cash award in an amount equal to the number of shares underlying such option immediately prior to the effective time of the merger multiplied the amount by which $5.80 exceeds the exercise price per share of such option.
1
As of the effective time of the merger, each outstanding and unexercised warrant to purchase shares of Company common stock will be cancelled and converted into the right to receive, as soon as reasonably practicable after the effective time of the
merger, a cash amount equal to the total number of shares underlying such warrant immediately prior to the effective time of the merger multiplied by the amount by which $5.80 exceeds the exercise price per share of such warrant.
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 Schedule 13E-3 shall have the meanings given to them in the Proxy Statement.
All information contained in this Schedule 13E-3 concerning each Filing Person has been supplied by such Filing Person.
Item 1
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Summary Term Sheet.
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The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:
SUMMARY TERM SHEET RELATED TO THE MERGER
QUESTIONS AND ANSWERS ABOUT THE SPECIAL MEETING AND THE MERGER
Item 2
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Subject Company Information.
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(a)
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Name and Address
. The information contained in the section of the Proxy Statement entitled SPECIAL FACTORS RELATING TO THE MERGERThe Parties is incorporated herein by reference.
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(b)
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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 SPECIAL MEETING AND THE MERGER
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THE SPECIAL MEETINGRecord Date; Stockholders Entitled to Vote; Quorum
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COMMON STOCK OWNERSHIP OF MANAGEMENT AND CERTAIN BENEFICIAL OWNERS
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COMMON STOCK TRANSACTION INFORMATION
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The exact title of each class of the subject equity securities is China TransInfo Technology Corp. common stock, par value $0.001 per share.
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(c)
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Trading Market and Price
. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:
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MARKET PRICE AND DIVIDEND INFORMATION
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(d)
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Dividends
. The information set forth in the Proxy Statement under the following caption is incorporated herein by reference:
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MARKET PRICE AND DIVIDEND INFORMATION
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(e)
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Prior Public Offerings
. The information set forth in the Proxy Statement under the following caption is incorporated herein by reference:
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2
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COMMON STOCK TRANSACTION INFORMATION
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(f)
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Prior Stock Purchases
. The information set forth in the Proxy Statement under the following caption is incorporated herein by reference:
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COMMON STOCK TRANSACTION INFORMATION
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Item 3
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Identity and Background of Filing Person.
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(a)
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Name and Address
. China TransInfo Technology Corp. is the subject company. The information set forth in the Proxy Statement contained in the section of the Proxy Statement entitled SPECIAL FACTORS RELATING TO THE MERGERThe
Parties and ANNEX DDIRECTORS AND EXECUTIVE OFFICERS OF EACH FILING PERSON IS INCORPORATED HEREIN BY REFERENCE.
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(b)
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Business and Background of Entities
. The information set forth in the Proxy Statement contained in the section of the Proxy Statement entitled SPECIAL FACTORS RELATING TO THE MERGERThe Parties and ANNEX
DDIRECTORS AND EXECUTIVE OFFICERS OF EACH FILING PERSON IS INCORPORATED HEREIN BY REFERENCE.
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(c)
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Business and Background of Natural Persons
. The information set forth in the Proxy Statement contained in the section of the Proxy Statement entitled SPECIAL FACTORS RELATING TO THE MERGERThe Parties and ANNEX
DDIRECTORS AND EXECUTIVE OFFICERS OF EACH FILING PERSON IS INCORPORATED HEREIN BY REFERENCE.
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Item 4
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Terms of the Transaction.
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(a) (1)
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Not applicable.
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(a) (2)
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The information set forth in the Proxy Statement under the following captions is incorporated
herein by reference:
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SUMMARY TERM SHEET RELATED TO THE MERGER
QUESTIONS AND ANSWERS ABOUT THE SPECIAL MEETING AND THE MERGER
SPECIAL FACTORS RELATING TO THE MERGERBackground of the Merger
SPECIAL FACTORS RELATING TO THE MERGERPurposes and Reasons of Our Board of Directors and Special Committee for the Merger
SPECIAL FACTORS RELATING TO THE MERGERRecommendation of Our Board of Directors and Special Committee; Reasons for Recommending the Approval of the Merger Agreement; Fairness of the Merger
SPECIAL FACTORS RELATING TO THE MERGERPurposes and Reasons of the Buyer Group for the Merger
THE SPECIAL MEETINGRecord Date; Stockholders Entitled to Vote; Quorum
SPECIAL FACTORS RELATING TO THE MERGERMaterial United States Federal Income Tax Consequences
ANNEX AAGREEMENT AND PLAN OF MERGER
3
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(c)
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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 SHEET RELATED TO THE MERGER
SPECIAL FACTORS RELATING TO THE MERGERInterests of the Companys Directors and Officers in the Merger
SPECIAL FACTORS RELATING TO THE MERGERCertain Effects of the Merger
SPECIAL FACTORS RELATING TO THE MERGERFinancing of the Merger
SPECIAL FACTORS RELATING TO THE MERGERVoting Agreement
THE SPECIAL MEETINGStock Ownership and Interests of Certain Persons
THE MERGER AGREEMENTTreatment of Common Stock, Restricted Stock and Company Warrants
ANNEX AAGREEMENT AND PLAN OF MERGER
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(d)
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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 SHEET RELATED TO THE MERGER
QUESTIONS AND ANSWERS ABOUT THE SPECIAL MEETING AND THE MERGER
APPRAISAL RIGHTS
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(e)
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Provisions for Unaffiliated Security Holders
. The information set forth in the Proxy Statement under SPECIAL FACTORS RELATING TO THE MERGERRecommendation of Our Board of Directors and Special Committee; Reasons for
Recommending the Approval of the Merger Agreement; Fairness of the Merger, is incorporated herein by reference. There have been no other provisions in connection with the merger to grant unaffiliated security holders access to the corporate
files of the Filing Persons or to obtain counsel or appraisal services at the expense of the Filing Persons.
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(f)
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Eligibility for Listing or Trading
. Not applicable.
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Item 5
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Past Contacts, Transactions, Negotiations and Agreements.
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(a)
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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 RELATED TO THE MERGER
SPECIAL FACTORS RELATING TO THE MERGERBackground of the Merger
SPECIAL FACTORS RELATING TO THE MERGERInterests of the Companys Directors and Officers in the Merger
SPECIAL FACTORS RELATING TO THE MERGERRelationship Between Us and the Buyer Group
THE MERGER AGREEMENT
ANNEX AAGREEMENT AND PLAN OF MERGER
4
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(b)
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Significant Corporate Events
. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:
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SUMMARY TERM SHEET RELATED TO THE MERGER
SPECIAL FACTORS RELATING TO THE MERGERBackground of the Merger
SPECIAL FACTORS RELATING TO THE MERGERInterests of the Companys Directors and Officers in the Merger
THE MERGER AGREEMENT
ANNEX AAGREEMENT AND PLAN OF MERGER
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(c)
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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 FACTORS RELATING TO THE MERGERBackground of the Merger
SPECIAL FACTORS RELATING TO THE MERGERInterests of the Companys Directors and Officers in the Merger
THE MERGER AGREEMENT
ANNEX AAGREEMENT AND PLAN OF MERGER
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(e)
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Agreements Involving the Subject Companys Securities
. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:
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SUMMARY TERM SHEET RELATED TO THE MERGER
SPECIAL FACTORS RELATING TO THE MERGERBackground of the Merger
SPECIAL FACTORS RELATING TO THE MERGERInterests of the Companys Directors and Officers in the Merger
SPECIAL FACTORS RELATING TO THE MERGERFinancing of the Merger
SPECIAL FACTORS RELATING TO THE MERGERContribution Agreements
SPECIAL FACTORS RELATING TO THE MERGERVoting Agreement
THE MERGER AGREEMENT
ANNEX AAGREEMENT AND PLAN OF MERGER
Item 6
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Purposes of the Transaction and Plans or Proposals.
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(b)
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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 RELATED TO THE MERGER
SPECIAL FACTORS RELATING TO THE MERGERCertain Effects of the Merger
SPECIAL FACTORS RELATING TO THE MERGERPlans for the Company
THE MERGER AGREEMENT
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ANNEX AAGREEMENT AND PLAN OF MERGER
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(c)(1)-(8)
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Plans
. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:
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SUMMARY TERM SHEET RELATED TO THE MERGER
SPECIAL FACTORS RELATING TO THE MERGERBackground of the Merger
SPECIAL FACTORS RELATING TO THE MERGERPurposes and Reasons of Our Board of Directors and Special Committee for the Merger
SPECIAL FACTORS RELATING TO THE MERGERRecommendation of Our Board of Directors and Special Committee; Reasons for Recommending the Approval of the Merger Agreement; Fairness of the Merger
SPECIAL FACTORS RELATING TO THE MERGERPurposes and Reasons of the Buyer Group for the Merger
SPECIAL FACTORS RELATING TO THE MERGERCertain Effects of the Merger
SPECIAL FACTORS RELATING TO THE MERGERPlans for the Company
SPECIAL FACTORS RELATING TO THE MERGERFinancing of the Merger
SPECIAL FACTORS RELATING TO THE MERGERVoting Agreement
SPECIAL FACTORS RELATING TO THE MERGERInterests of the Companys Directors and Officers in the Merger
SPECIAL FACTORS RELATING TO THE MERGERDelisting and Deregistration of the Company Common Stock
THE MERGER AGREEMENT
MARKET PRICE AND DIVIDEND INFORMATION
ANNEX AAGREEMENT AND PLAN OF MERGER ANNEX BLIMITED GUARANTEE
Item 7
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Purposes, Alternatives, Reasons and Effects.
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(a)
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Purposes
. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:
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SUMMARY TERM SHEET RELATED TO THE MERGER
SPECIAL FACTORS RELATING TO THE MERGERBackground of the Merger
SPECIAL FACTORS RELATING TO THE MERGERPurposes and Reasons of Our Board of Directors and Special Committee for the Merger
SPECIAL FACTORS RELATING TO THE MERGERRecommendation of Our Board of Directors and Special Committee; Reasons for Recommending the Approval of the Merger Agreement; Fairness of the Merger
SPECIAL FACTORS RELATING TO THE MERGERPurposes and Reasons of the Buyer Group for the Merger
6
SPECIAL FACTORS RELATING TO THE MERGERCertain Effects of the Merger
SPECIAL FACTORS RELATING TO THE MERGERPlans for the Company
THE MERGER AGREEMENT
ANNEX AAGREEMENT AND PLAN OF MERGER
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(b)
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Alternatives
. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:
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SPECIAL FACTORS RELATING TO THE MERGERBackground of the Merger
SPECIAL FACTORS RELATING TO THE MERGERPurposes and Reasons of Our Board of Directors and Special Committee for the Merger
SPECIAL FACTORS RELATING TO THE MERGERRecommendation of Our Board of Directors and Special Committee; Reasons for Recommending the Approval of the Merger Agreement; Fairness of the Merger
SPECIAL FACTORS RELATING TO THE MERGERPositions of the Buyer Group regarding the Fairness of the Merger
SPECIAL FACTORS RELATING TO THE MERGERPurposes and Reasons of the Buyer Group for the Merger
SPECIAL FACTORS RELATING TO THE MERGEREffects on the Company if Merger is not Completed
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(c)
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Reasons
. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:
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SPECIAL FACTORS RELATING TO THE MERGERBackground of the Merger
SPECIAL FACTORS RELATING TO THE MERGERPurposes and Reasons of Our Board of Directors and Special Committee for the Merger
SPECIAL FACTORS RELATING TO THE MERGERRecommendation of Our Board of Directors and Special Committee; Reasons for Recommending the Approval of the Merger Agreement; Fairness of the Merger
SPECIAL FACTORS RELATING TO THE MERGEROpinion of William Blair, Financial Advisor to the Special Committee
SPECIAL FACTORS RELATING TO THE MERGERPurposes and Reasons of the Buyer Group for the Merger
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(d)
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Effects
. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:
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SUMMARY TERM SHEET RELATED TO THE MERGER
SPECIAL FACTORS RELATING TO THE MERGERPurposes and Reasons of Our Board of Directors and Special Committee for the Merger
SPECIAL FACTORS RELATING TO THE MERGERCertain Effects of the Merger
SPECIAL FACTORS RELATING TO THE MERGERPlans for the Company
7
SPECIAL FACTORS RELATING TO THE MERGERInterests of the Companys Directors and Officers in the Merger
SPECIAL FACTORS RELATING TO THE MERGERDelisting and Deregistration of the Company Common Stock
THE MERGER AGREEMENTEffects of the Merger; Directors and Officers; Certificate of Incorporation; Bylaws
THE MERGER AGREEMENTTreatment of Common Stock, Company Options and Company Warrants
SPECIAL FACTORS RELATING TO THE MERGERMaterial United States Federal Income Tax Consequences
APPRAISAL RIGHTS
ANNEX AAGREEMENT AND PLAN OF MERGER
Item
8
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F
airness of the Transaction.
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(a), (b)
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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 SHEET RELATED TO THE MERGER
SPECIAL FACTORS RELATING TO THE MERGERBackground of the Merger
SPECIAL FACTORS RELATING TO THE MERGEROpinion of William Blair, Financial Advisor to the Special Committee
SPECIAL FACTORS RELATING TO THE MERGERRecommendation of Our Board of Directors and Special Committee; Reasons for Recommending the Approval of the Merger Agreement; Fairness of the Merger
"SPECIAL FACTORS RELATING TO THE MERGERPositions of the Buyer Group Regarding the Fairness of the Merger"
ANNEX CFINANCIAL ADVISOR OPINION
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(c)
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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 SHEET RELATED TO THE MERGER
QUESTIONS AND ANSWERS ABOUT THE SPECIAL MEETING AND THE MERGER
THE SPECIAL MEETINGRecord Date; Stockholders Entitled to Vote; Quorum
THE SPECIAL MEETINGVote Required
THE MERGER AGREEMENTConditions to the Merger
ANNEX AAGREEMENT AND PLAN OF MERGER
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(d)
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Unaffiliated Representative
. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:
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SUMMARY TERM SHEET RELATED TO THE MERGER
8
SPECIAL FACTORS RELATING TO THE MERGERBackground of the Merger
SPECIAL FACTORS RELATING TO THE MERGERRecommendation of Our Board of Directors and Special Committee; Reasons for Recommending the Approval of the Merger Agreement; Fairness of the Merger
SPECIAL FACTORS RELATING TO THE MERGEROpinion of William Blair, Financial Advisor to the Special Committee
ANNEX CFINANCIAL ADVISOR OPINION
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(e)
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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 SHEET RELATED TO THE MERGER
SPECIAL FACTORS RELATING TO THE MERGERBackground of the Merger
SPECIAL FACTORS RELATING TO THE MERGERPurposes and Reasons of Our Board of Directors and Special Committee for the Merger
SPECIAL FACTORS RELATING TO THE MERGERRecommendation of Our Board of Directors and Special Committee; Reasons for Recommending the Approval of the Merger Agreement; Fairness of the Merger
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(f)
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Other Offers
. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:
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SPECIAL FACTORS RELATING TO THE MERGERBackground of the Merger
SPECIAL FACTORS RELATING TO THE MERGERRecommendation of Our Board of Directors and Special Committee; Reasons for Recommending the Approval of the Merger Agreement; Fairness of the Merger
Item
9
|
Reports, Opinions, Appraisals and Negotiations.
|
|
|
|
|
(a)-(c)
|
Report, opinion or appraisal; Preparer and summary of the report, opinion or appraisal;
Availability of documents
. The information set forth in the Proxy Statement under the following captions is incorporated herein by
reference.
|
SUMMARY TERM SHEET RELATED TO THE MERGER
SPECIAL FACTORS RELATING TO THE MERGERBackground of the Merger
SPECIAL FACTORS RELATING TO THE MERGEROpinion of William Blair, Financial Advisor to the Special Committee
WHERE YOU CAN FIND MORE INFORMATION
ANNEX CFINANCIAL ADVISOR OPINION
Item
10
|
Source and Amounts of Funds or Other Consideration.
|
|
|
|
|
(a), (b)
|
Source of Funds; Conditions
. The information set forth in the Proxy Statement under the following caption is incorporated herein by reference:
|
SUMMARY TERM SHEET RELATED TO THE MERGER
SPECIAL FACTORS RELATING TO THE MERGERFinancing of the Merger
9
THE MERGER AGREEMENTFinancing
ANNEX AAGREEMENT AND PLAN OF MERGER
|
(c)
|
Expenses
. The information set forth in the Proxy Statement under the following caption is incorporated herein by reference:
|
SUMMARY TERM SHEET RELATED TO THE MERGER
SPECIAL FACTORS RELATING TO THE MERGEREffects on the Company if Merger is not Completed
SPECIAL FACTORS RELATING TO THE MERGERFees and Expenses
THE MERGER AGREEMENTTermination
THE MERGER AGREEMENTTermination Fees and Reimbursement of Expenses
ANNEX AAGREEMENT AND PLAN OF MERGER
|
(d)
|
Borrowed Funds
. The information set forth in the Proxy Statement under the following caption is incorporated herein by reference:
|
SUMMARY TERM SHEET RELATED TO THE MERGER
SPECIAL FACTORS RELATING TO THE MERGERFinancing of the Merger
Item
11
|
Interest in Securities of the Subject Company.
|
|
|
|
|
(a)
|
Securities Ownership
. The information set forth in the Proxy Statement under the following caption is incorporated herein by reference:
|
SUMMARY TERM SHEET RELATED TO THE MERGER
SPECIAL FACTORS RELATING TO THE MERGERInterests of the Companys Directors and Officers in the Merger
COMMON STOCK OWNERSHIP OF MANAGEMENT AND CERTAIN BENEFICIAL OWNERS
|
(b)
|
Securities Transactions
. The information set forth in the Proxy Statement under the following caption is incorporated herein by reference:
|
SPECIAL FACTORS RELATING TO THE MERGERInterests of the Companys Directors and Officers in the Merger
SPECIAL FACTORS RELATING TO THE MERGERBackground of the Merger
THE MERGER AGREEMENT
COMMON STOCK TRANSACTION INFORMATION
ANNEX AAGREEMENT AND PLAN OF MERGER
10
|
|
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 caption is incorporated herein by reference:
|
SUMMARY TERM SHEET RELATED TO THE MERGER
SPECIAL FACTORS RELATING TO THE MERGERVoting Agreement
SPECIAL FACTORS RELATING TO THE MERGERInterests of the Companys Directors and Officers in the Merger
SPECIAL FACTORS RELATING TO THE MERGERPurposes and Reasons of Our Board of Directors and Special Committee for the Merger
SPECIAL FACTORS RELATING TO THE MERGERRecommendation of Our Board of Directors and Special Committee; Reasons for Recommending the Approval of the Merger Agreement; Fairness of the Merger
THE SPECIAL MEETINGVote Required
THE SPECIAL MEETINGStock Ownership and Interests of Certain Persons
COMMON STOCK OWNERSHIP OF MANAGEMENT AND CERTAIN BENEFICIAL OWNERS
|
(e)
|
Recommendation of Others
. The information set forth in the Proxy Statement under the following caption is incorporated herein by reference:
|
SUMMARY TERM SHEET RELATED TO THE MERGERRecommendation of Our Board of Directors and Special Committee; Reasons for Recommending the Approval of the Merger Agreement; Fairness of the Merger
QUESTIONS AND ANSWERS ABOUT THE SPECIAL MEETING AND THE MERGER
SPECIAL FACTORS RELATING TO THE MERGERPurposes and Reasons of Our Board of Directors and Special Committee for the Merger
SPECIAL FACTORS RELATING TO THE MERGERRecommendation of Our Board of Directors and Special Committee; Reasons for Recommending the Adoption of the Merger Agreement; Fairness of the Merger
SPECIAL FACTORS RELATING TO THE MERGERPositions of the Buyer Group Regarding the Fairness of the Merger
THE SPECIAL MEETINGRecommendation of Our Board of Directors and Special Committee
11
|
|
Item
13
|
Financial Statements.
|
|
|
|
|
(a)
|
Financial Information
. The audited consolidated financial statements of the Company for the year ended December 31, 2011 are incorporated herein by reference to the Companys Annual Report on Form 10-K for the year ended December 31,
2011. The unaudited consolidated financial statements of the Company for the fiscal quarter ended June 30, 2012 are incorporated herein by reference to the Companys Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2012.
|
|
|
|
|
|
The information set forth in the Proxy Statement under the following caption is incorporated herein by reference:
|
SUMMARY TERM SHEET RELATED TO THE MERGER
SELECTED FINANCIAL INFORMATION
WHERE YOU CAN FIND MORE INFORMATION
|
(b)
|
Pro forma information
. Not applicable.
|
|
|
Item
14
|
Persons/Assets, Retained, Employed, Compensated Or Used.
|
|
|
|
|
(a)
|
Solicitations or Recommendations
. The information set forth in the Proxy Statement under the following caption is incorporated herein by reference:
|
SUMMARY TERM SHEET RELATED TO THE MERGER
QUESTIONS AND ANSWERS ABOUT THE SPECIAL MEETING AND THE MERGER
SPECIAL FACTORS RELATING TO THE MERGERBackground of the Merger
SPECIAL FACTORS RELATING TO THE MERGERRecommendation of Our Board of Directors and Special Committee; Reasons for Recommending the Approval of the Merger Agreement; Fairness of the Merger
SPECIAL FACTORS RELATING TO THE MERGERFees and Expenses
THE SPECIAL MEETINGSolicitation of Proxies
|
(b)
|
Employees and corporate assets
. The information set forth in the Proxy Statement under the following caption is incorporated herein by reference:
|
SUMMARY TERM SHEET RELATED TO THE MERGER
QUESTIONS AND ANSWERS ABOUT THE SPECIAL MEETING AND THE MERGER
SPECIAL FACTORS RELATING TO THE MERGERBackground of the Merger
SPECIAL FACTORS RELATING TO THE MERGERRecommendation of Our Board of Directors and Special Committee; Reasons for Recommending the Approval of the Merger Agreement; Fairness of the Merger
THE SPECIAL MEETINGSolicitation of Proxies
Item 15
|
Additional Information.
|
|
|
|
|
(b)
|
Other material information
. The entirety of the Proxy Statement, including all Annexes thereto, is incorporated herein by reference.
|
12
(a)(1) Proxy Statement of China TransInfo Technology Corp., incorporated by reference to the Schedule 14A filed with the Securities and Exchange Commission on September 25, 2012 and as supplemented by the Supplement on October 24, 2012 (the
Proxy Statement
).
(a)(2) Form of Proxy Card, incorporated herein by reference to the Proxy Statement.
(a)(3) Notice of Special Meeting of Stockholders of the Company, incorporated herein by reference to the Proxy Statement.
(a)(4) Press Release dated as of June 8, 2012, incorporated herein by reference to Exhibit 99.1 to the Current Report on Form 8-K furnished by the Company to the Securities and Exchange Commission on June 8, 2012.
(b) Facility Agreement dated as of June 8, 2012, by and between Parent and China Development Bank Corporation Hong Kong Branch, incorporated by reference to Exhibit 7.03 to the Schedule 13D filed by Mr. Xia, Karmen, East Action Investment Holdings
Ltd. Ms. Danxia Huang, Mr. Shufeng Xia, SAIF III and Andrew Y. Yan with the Securities and Exchange Commission on June 8, 2012.
(c)(1) Opinion of William Blair & Company, L.L.C., dated June 7, 2012, incorporated herein by reference to Annex C to the Proxy Statement.
(c)(2) Presentation Materials prepared by William Blair & Company, L.L.C. for discussion with the special committee of the board of directors of the Company, dated June 7, 2012.
*
(d)(1) Agreement and Plan of Merger, dated as of June 8, 2012, by and among the Company, Parent and Merger Sub, incorporated herein by reference to Annex A to the Proxy Statement.
(d)(2) Limited Guarantee dated as of June 7, 2012, by and between Mr. Xia and SAIF IV in favor of the Company, incorporated herein by reference to Annex B to the Proxy Statement.
(d)(3) SAIF Equity Commitment Letter, dated as of June 7, 2012, by and between SAIF IV and Shudong Investments Limited, incorporated herein by reference to Exhibit 7.04 to the Schedule 13D filed by Mr. Xia, Karmen, East Action Investment Holdings
Ltd., Ms. Danxia Huang, Mr. Shufeng Xia, SAIF III and Andrew Y. Yan with the Securities and Exchange Commission on June 8, 2012.
(d)(4) Chairman Equity Commitment Letter, dated as of June 7, 2012, by and between Mr. Xia and Shudong Investments Limited, incorporated herein by reference to Exhibit 7.05 to the Schedule 13D filed by Mr. Xia, Karmen, East Action Investment
Holdings Ltd., Ms. Danxia Huang, Mr. Shufeng Xia, SAIF III and Andrew Y. Yan with the Securities and Exchange Commission on June 8, 2012.
(d)(5) Voting Agreement, dated as of June 7, 2012, by and among the Company, TransCloud Company Limited, and the stockholders of the Company listed on Schedule A thereto, incorporated herein by reference to Exhibit 7.08 to the Schedule 13D filed by
Mr. Xia, Karmen, East Action Investment Holdings Ltd., Ms. Danxia Huang, Mr. Shufeng Xia, SAIF III and Andrew Y. Yan with the Securities and Exchange Commission on June 8, 2012.
(d)(6) Contribution Agreement, dated as of June 7, 2012, by and among Parent, Shudong Investments Limited, Mr. Xia and the Rollover Holders listed on Schedule A thereto, incorporated herein by reference to Exhibit 7.06 to the Schedule 13D filed by
Mr. Xia, Karmen, East Action Investment Holdings Ltd., Ms. Danxia Huang, Mr. Shufeng Xia, SAIF III and Andrew Y. Yan with the Securities and Exchange Commission on June 8, 2012.
(d)(7) Contribution Agreement, dated as of June 7, 2012, by and among Parent, Shudong Investments Limited and SAIF III, incorporated herein by reference to Exhibit 7.07 to the Schedule 13D filed by Mr. Xia, Karmen, East Action Investment Holdings
Ltd., Ms. Danxia Huang, Mr. Shufeng Xia, SAIF III and Andrew Y. Yan with the Securities and Exchange Commission on June 8, 2012.
(f)
|
Not applicable.
|
|
|
(g)
|
Not applicable.
|
* Previously filed on June 26, 2012
13
SIGNATURE
After due 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.
CHINA TRANSINFO TECHNOLOGY CORP.
|
By:
|
/s/
Shudong Xia
|
|
|
Shudong Xia
|
|
|
Chairman, President, Chief Executive and
|
|
|
Secretary
|
|
|
Dated: October 24, 2012
|
After due 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.
TRANSCLOUD COMPANY LIMITED
|
By:
|
/s/
Shudong Xia
|
|
|
Shudong Xia
|
|
|
Director
|
|
|
Dated: October 24, 2012
|
After due 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.
TRANSCLOUD ACQUISITION, INC.
|
By:
|
/s/
Shudong Xia
|
|
|
Shudong Xia
|
|
|
Director
|
|
|
Dated: October 24, 2012
|
After due 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.
SHUDONG INVESTMENTS LIMITED
|
By:
|
/s/
Shudong Xia
|
|
|
Shudong Xia
|
|
|
Director
|
|
|
Dated: October 24, 2012
|
After due 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.
KARMEN INVESTMENT HOLDINGS LIMITED
|
By:
|
/s/
Shudong Xia
|
|
|
Shudong Xia
|
|
|
Director
|
|
|
Dated: October 24, 2012
|
After due 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.
SAIF PARTNERS III, L.P.
|
By:
|
/s/
Andrew Y. Yan
|
|
|
Andrew Y. Yan
|
|
|
Authorized Signatory
|
|
|
Dated: October 24, 2012
|
After due 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.
SAIF PARTNERS IV, L.P.
|
By:
|
/s/
Andrew Y. Yan
|
|
|
Andrew Y. Yan
|
|
|
Authorized Signatory
|
|
|
Dated: October 24, 2012
|
After due 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.
SHUDONG XIA
|
By:
|
/s/ Shudong Xia
|
|
|
Dated: October 24, 2012
|
|
|
|
After due 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.
DANXIA HUANG
|
By:
|
/s/ Danxia Huang
|
|
|
Dated: October 24, 2012
|
After due 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.
SHUFENG XIA
|
By:
|
/s/ Shufeng Xia
|
|
|
Dated: October 24, 2012
|
EXHIBIT INDEX
(a)(1) Proxy Statement of China TransInfo Technology Corp., incorporated by reference to the Schedule 14A filed with the Securities and Exchange Commission on September 25, 2012 and as supplemented by the Supplement on October 24, 2012 (the
Proxy Statement
).
(a)(2) Form of Proxy Card, incorporated herein by reference to the Proxy Statement.
(a)(3) Notice of Special Meeting of Stockholders of the Company, incorporated herein by reference to the Proxy Statement.
(a)(4) Press Release dated as of June 8, 2012, incorporated herein by reference to Exhibit 99.1 to the Current Report on Form 8-K furnished by the Company to the Securities and Exchange Commission on June 8, 2012.
(b) Facility Agreement dated as of June 8, 2012, by and between Parent and China Development Bank Corporation Hong Kong Branch, incorporated by reference to Exhibit 7.03 to the Schedule 13D filed by Mr. Xia, Karmen, East Action Investment Holdings
Ltd. Ms. Danxia Huang, Mr. Shufeng Xia, SAIF III and Andrew Y. Yan with the Securities and Exchange Commission on June 8, 2012.
(c)(1) Opinion of William Blair & Company, L.L.C., dated June 7, 2012, incorporated herein by reference to Annex C to the Proxy Statement.
(c)(2) Presentation Materials prepared by William Blair & Company, L.L.C. for discussion with the special committee of the board of directors of the Company, dated June 7, 2012.
*
(d)(1) Agreement and Plan of Merger, dated as of June 8, 2012, by and among the Company, Parent and Merger Sub, incorporated herein by reference to Annex A to the Proxy Statement.
(d)(2) Limited Guarantee dated as of June 8, 2012, by and between Mr. Xia and SAIF IV in favor of the Company, incorporated herein by reference to Annex B to the Proxy Statement.
(d)(3) SAIF Equity Commitment Letter, dated as of June 7, 2012, by and between SAIF IV and Shudong Investments Limited, incorporated herein by reference to Exhibit 7.04 to the Schedule 13D filed by Mr. Xia, Karmen, East Action Investment Holdings
Ltd., Ms. Danxia Huang, Mr. Shufeng Xia, SAIF III and Andrew Y. Yan with the Securities and Exchange Commission on June 8, 2012.
(d)(4) Chairman Equity Commitment Letter, dated as of June 7, 2012, by and between Mr. Xia and Shudong Investments Limited, incorporated herein by reference to Exhibit 7.05 to the Schedule 13D filed by Mr. Xia, Karmen, East Action Investment
Holdings Ltd., Ms. Danxia Huang, Mr. Shufeng Xia, SAIF III and Andrew Y. Yan with the Securities and Exchange Commission on June 8, 2012.
(d)(5) Voting Agreement, dated as of June 7, 2012, by and among the Company, TransCloud Company Limited, and the stockholders of the Company listed on Schedule A thereto, incorporated herein by reference to Exhibit 7.08 to the Schedule 13D filed by
Mr. Xia, Karmen, East Action Investment Holdings Ltd., Ms. Danxia Huang, Mr. Shufeng Xia, SAIF III and Andrew Y. Yan with the Securities and Exchange Commission on June 8, 2012.
(d)(6) Contribution Agreement, dated as of June 7, 2012, by and among Parent, Shudong Investments Limited, Mr. Xia and Rollover Holders listed on Schedule A thereto, incorporated herein by reference to Exhibit 7.06 to the Schedule 13D filed by Mr.
Xia, Karmen, East Action Investment Holdings Ltd., Ms. Danxia Huang, Mr. Shufeng Xia, SAIF III and Andrew Y. Yan with the Securities and Exchange Commission on June 8, 2012.
(d)(7) Contribution Agreement, dated as of June 7, 2012, by and among Parent, Shudong Investments Limited and SAIF III, incorporated herein by reference to Exhibit 7.07 to the Schedule 13D filed by Mr. Xia, Karmen, East Action Investment Holdings
Ltd., Ms. Danxia Huang, Mr. Shufeng Xia, SAIF III and Andrew Y. Yan with the Securities and Exchange Commission on June 8, 2012.
(f)
|
Not applicable.
|
|
|
(g)
|
Not applicable.
|
* Previously filed on June 26, 2012
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