INTRODUCTION
This Amendment No. 3 (this “
Final Amendment
”) to 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
”):
•
Synutra International, Inc., a Delaware corporation (the “
Company
”), the issuer of the common stock, par value US$0.0001 per share (the “
Common Stock
”), that is subject to the transaction pursuant to Rule 13e-3 under the Exchange Act;
•
Beams Power Investment Limited, a company with limited liability incorporated under the laws of the British Virgin Islands (“
Parent
”);
•
Beams Power Merger Sub Limited, a Delaware corporation and a wholly-owned subsidiary of Parent (“
Merger Sub
”);
•
Mr. Liang Zhang, the chairman and chief executive officer of the Company (“
Mr. Zhang
”); and
•
Ms. Xiuqing Meng, the spouse of Mr. Zhang and the sole shareholder and director of Parent (“
Ms. Meng
”).
In this Transaction Statement, we refer to Parent, Merger Sub, Mr. Zhang and Ms. Meng collectively as the “
buyer group
.”
This Transaction Statement relates to the agreement and plan of merger, dated as of November 17, 2016, by and among Parent, Merger Sub and the Company (the “
merger agreement
”), pursuant to which Merger Sub was merged with and into the Company with the Company continuing as the surviving company (the “
merger
”).
This Final Amendment is being filed pursuant to Rule 13e-3(d)(3) to report the results of the transaction that is the subject of this Transaction Statement.
All information contained in this Transaction Statement concerning each Filing Person has been supplied by such Filing Person.
Item 15 Additional Information
Item 15(b) is hereby amended and supplemented as follows:
On April 28, 2017, at 11:00 a.m. (Beijing Time), a special meeting of the stockholders of the Company was held at the Synutra International Building, 106 Dong Lu Yuan, Tongzhou District, Beijing 101101, China. At the special meeting, the stockholders of the Company voted in favor of, among others, the proposal to adopt the merger agreement.
On May 15, 2017, the Company filed a Certificate of Merger with the Secretary of State of the State of Delaware, pursuant to which the merger became effective on May 15, 2017. As a result of the merger, the Company ceased to be a publicly traded company and became wholly owned by Parent.
At the effective time of the merger, (a) each share of the Common Stock of the Company issued and outstanding immediately prior to the effective time of the merger (other than the excluded shares and the dissenting shares, as defined below) was converted into the right to receive the per share merger consideration of US$6.05 without interest and subject to any applicable withholding taxes; (b) each share of the Common Stock held by (i) any of Parent, Merger Sub and any other direct or indirect subsidiary of Parent and (ii) the Company ((i) and (ii) collectively, the “
excluded shares
”) was automatically cancelled and no payment or distribution was made to the holders of such excluded shares; and (c) each share of the Common Stock owned by stockholders of the Company who had properly and validly perfected and had not effectively withdrawn or lost their appraisal rights pursuant to Section 262 of the General Corporation