UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
----------------------
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Solarfun Power Holdings Co., Ltd.
(Name of Issuer)
Ordinary Shares, par value $0.0001 per share
(Title of Class of Securities)
83415U108**
(CUSIP Number)
December 31, 2008
(Date of event which requires filing of this statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
----------------
*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 the disclosures provided in a prior cover page.
**There is no CUSIP number assigned to the Ordinary Shares of the Company
(as defined below). CUSIP number 83415U108 has been assigned to the American
Depositary Shares ("ADS") of the Company, which are quoted on The NASDAQ Global
Market under the symbol "SOLF." Each ADS represents 5 Ordinary Shares.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for 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).
Page 1 of 9 Pages
CUSIP No. 83415U108 13G Page 2 of 9 Pages
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(1) NAMES OF REPORTING PERSONS
Highbridge International LLC
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See instructions)
(a) [X]
(b) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands, British West Indies
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NUMBER OF (5) SOLE VOTING POWER
0
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
1,606,940 Ordinary Shares (see Item 4(a))
$45,700,000 aggregate principal amount of
Convertible Senior Notes due January 15, 2018
convertible into 11,947,716 Ordinary Shares (see
Item 4(a))
OWNED BY --------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING --------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
1,606,940 Ordinary Shares (see Item 4(a))
$45,700,000 aggregate principal amount of
Convertible Senior Notes due January 15, 2018
convertible into 11,947,716 Ordinary Shares (see
Item 4(a))
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,606,940 Ordinary Shares (see Item 4(a))
$45,700,000 aggregate principal amount of Convertible Senior
Notes due January 15, 2018 convertible into 11,947,716
Ordinary Shares (see Item 4(a))
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(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES (See instructions)
[ ]
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(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
4.82%
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(12) TYPE OF REPORTING PERSON (See instructions)
OO
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CUSIP No. 83415U108 13G Page 3 of 9 Pages
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(1) NAMES OF REPORTING PERSONS
Highbridge Convertible Arbitrage Master Fund, L.P.
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See instructions)
(a) [X]
(b) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands, British West Indies
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NUMBER OF (5) SOLE VOTING POWER
0
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
0
OWNED BY --------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING --------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
0
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
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(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES (See instructions)
[ ]
-----------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
0%
-----------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (See instructions)
PN
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CUSIP No. 83415U108 13G Page 4 of 9 Pages
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(1) NAMES OF REPORTING PERSONS
Highbridge Capital Management, LLC
-----------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See instructions)
(a) [X]
(b) [ ]
-----------------------------------------------------------------------
(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
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NUMBER OF (5) SOLE VOTING POWER
0
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
1,606,940 Ordinary Shares (see Item 4(a))
$45,700,000 aggregate principal amount of
Convertible Senior Notes due January 15, 2018
convertible into 11,947,716 Ordinary Shares (see
Item 4(a))
OWNED BY --------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING --------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
1,606,940 Ordinary Shares (see Item 4(a))
$45,700,000 aggregate principal amount of
Convertible Senior Notes due January 15, 2018
convertible into 11,947,716 Ordinary Shares (see
Item 4(a))
-----------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,606,940 Ordinary Shares (see Item 4(a))
$45,700,000 aggregate principal amount of Convertible Senior
Notes due January 15, 2018 convertible into 11,947,716
Ordinary Shares (see Item 4(a))
-----------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES (See instructions)
[ ]
-----------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
4.82%
-----------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (See instructions)
OO
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CUSIP No. 83415U108 13G Page 5 of 9 Pages
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(1) NAMES OF REPORTING PERSONS
Glenn Dubin
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See instructions)
(a) [X]
(b) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF (5) SOLE VOTING POWER
0
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
1,606,940 Ordinary Shares (see Item 4(a))
$45,700,000 aggregate principal amount of
Convertible Senior Notes due January 15, 2018
convertible into 11,947,716 Ordinary Shares (see
Item 4(a))
OWNED BY --------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING --------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
1,606,940 Ordinary Shares (see Item 4(a))
$45,700,000 aggregate principal amount of
Convertible Senior Notes due January 15, 2018
convertible into 11,947,716 Ordinary Shares (see
Item 4(a))
-----------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,606,940 Ordinary Shares (see Item 4(a))
$45,700,000 aggregate principal amount of Convertible Senior
Notes due January 15, 2018 convertible into 11,947,716
Ordinary Shares (see Item 4(a))
-----------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES (See instructions)
[ ]
-----------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
4.82%
-----------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (See instructions)
IN
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CUSIP No. 83415U108 13G Page 6 of 9 Pages
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(1) NAMES OF REPORTING PERSONS
Henry Swieca
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See instructions)
(a) [X]
(b) [ ]
-----------------------------------------------------------------------
(3) SEC USE ONLY
-----------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
-----------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
0
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
1,606,940 Ordinary Shares (see Item 4(a))
$45,700,000 aggregate principal amount of
Convertible Senior Notes due January 15, 2018
convertible into 11,947,716 Ordinary Shares (see
Item 4(a))
OWNED BY --------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING --------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
1,606,940 Ordinary Shares (see Item 4(a))
$45,700,000 aggregate principal amount of
Convertible Senior Notes due January 15, 2018
convertible into 11,947,716 Ordinary Shares (see
Item 4(a))
-----------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,606,940 Ordinary Shares (see Item 4(a))
$45,700,000 aggregate principal amount of Convertible Senior
Notes due January 15, 2018 convertible into 11,947,716
Ordinary Shares (see Item 4(a))
-----------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES (See instructions)
[ ]
-----------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
4.82%
-----------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (See instructions)
IN
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CUSIP No. 83415U108 13G Page 7 of 9 Pages
This Amendment No. 1 (this "Amendment") amends the statement on Schedule 13G
filed on February 8, 2008 (the "Original Schedule 13G" and the Original Schedule
13G as amended, the "Schedule 13G") with respect to shares of common stock, par
value $0.0001 per share (the "Common Stock") of Solarfun Power Holdings Co.,
Ltd., a Cayman Islands corporation (the "Company"). Capitalized terms used
herein and not otherwise defined in this Amendment have the meanings set forth
in the Schedule 13G. This Amendment amends and restates Items 4 and 5 in their
entirety as set forth below.
Item 4. Ownership
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned:
As of the date of this filing, (i) Highbridge International LLC
beneficially owns 1,606,940 Ordinary Shares and $45,700,000 aggregate principal
amount of Convertible Senior Notes due January 15, 2018 (the "Notes")
convertible into 2,389,543 ADSs, which represent 11,947,715 Ordinary Shares,
(ii) Highbridge Convertible Arbitrage Master Fund, L.P no longer beneficially
owns any Ordinary Shares and (iii) each of Highbridge Capital Management, LLC,
Glenn Dubin and Henry Swieca may be deemed the beneficial owner of the 1,606,940
Ordinary Shares beneficially owned by Highbridge International LLC and the
$45,700,000 aggregate principal amount of the Notes convertible into 2,389,543
ADSs, which represent 11,947,716 Ordinary Shares beneficially owned by
Highbridge International LLC. The Ordinary Shares held by the Reporting Persons
are held in the form of ADS. Each ADS represents 5 Ordinary Shares.
Highbridge Capital Management, LLC is the trading manager of Highbridge
International LLC and Highbridge Convertible Arbitrage Master Fund, L.P. Glenn
Dubin is the Chief Executive Officer of Highbridge Capital Management, LLC.
Henry Swieca is the Chief Investment Officer of Highbridge Capital Management,
LLC. The foregoing should not be construed in and of itself as an admission by
any Reporting Person as to beneficial ownership of Ordinary Shares owned by
another Reporting Person. In addition, each of Highbridge Capital Management,
LLC, Glenn Dubin and Henry Swieca disclaims beneficial ownership of Ordinary
Shares owned by Highbridge International LLC.
(b) Percent of class:
The Company's prospectus filed pursuant to Rule 424(b)(2) on August 13,
2008 (the "Prospectus"), indicates that after the completion of the offering
contemplated by the Prospectus, as of March 31, 2008 there are 269,060,209
Ordinary Shares outstanding. Therefore as of the date of this filing, based on
the Company's outstanding Ordinary Shares, (i) Highbridge International LLC
beneficially owns 4.82% of the outstanding Ordinary Shares of the Company, (ii)
Highbridge Convertible Arbitrage Master Fund, L.P. no longer beneficially owns
any Ordinary Shares of the Company, and (iii) each of Highbridge Capital
Management, LLC, Glenn Dubin and Henry Swieca may be deemed to beneficially own
4.82% of the outstanding Ordinary Shares of the Company. The foregoing should
not be construed in and of itself as an admission by any
CUSIP No. 83415U108 13G Page 8 of 9 Pages
Reporting Person as to beneficial ownership of Ordinary Shares owned by another
Reporting Person.
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
0
(ii) Shared power to vote or to direct the vote
See Item 4(a)
(iii) Sole power to dispose or to direct the disposition of
0
(iv) Shared power to dispose or to direct the disposition of
See Item 4(a)
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following: [X]
CUSIP No. 83415U108 13G Page 9 of 9 Pages
SIGNATURES
After reasonable inquiry and to the best of its knowledge and
belief, each of the undersigned certifies that the information with respect to
it set forth in this statement is true, complete, and correct.
Dated: February 10, 2009
HIGHBRIDGE INTERNATIONAL LLC HIGHBRIDGE CONVERTIBLE ARBITRAGE
MASTER FUND, L.P.
By: Highbridge Capital Management, LLC By: Highbridge Capital Management, LLC
its Trading Manager its Trading Manager
By: /s/ John Oliva By: /s/ John Oliva
------------------------------ ---------------------------------
Name: John Oliva Name: John Oliva
Title: Managing Director Title: Managing Director
HIGHBRIDGE CAPITAL MANAGEMENT, LLC
/s/ Henry Swieca
-------------------------------------
HENRY SWIECA
By: /s/ John Oliva
----------------------------------
Name: John Oliva
Title: Managing Director
/s/ Glenn Dubin
----------------------------------
GLENN DUBIN