Schedule 13D
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. ____)*
(Name of Issuer)
(Title of Class of Securities)
(CUSIP Number)
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Libin Sun
LT International Limited
No. 16 Building
No. 12 Dinghuaimen, Nanjing 210013
Peoples Republic of China
+86-25 8375-3888
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David T. Zhang, Esq.
Latham & Watkins
41st Floor, One Exchange Square
8 Connaught Place, Central, Hong Kong
+852 2522-7886 |
(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 Rule 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 persons 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).
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1 |
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NAMES OF REPORTING PERSONS
LT International Limited |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
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(a) o |
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(b) o |
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3 |
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SEC USE ONLY |
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4 |
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SOURCE OF FUNDS (SEE INSTRUCTIONS) |
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OO |
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5 |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
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o |
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6 |
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CITIZENSHIP OR PLACE OF ORGANIZATION |
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British Virgin Islands
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7 |
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SOLE VOTING POWER |
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NUMBER OF |
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12,555,625 |
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SHARES |
8 |
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SHARED VOTING POWER |
BENEFICIALLY |
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OWNED BY |
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0 |
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EACH |
9 |
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SOLE DISPOSITIVE POWER |
REPORTING |
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PERSON |
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12,555,625 |
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WITH |
10 |
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SHARED DISPOSITIVE POWER |
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0 |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
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12,555,625 |
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12 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
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o
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13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
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16.9%+ |
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14 |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) |
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CO |
+ Calculated using 74,168,817 issued and outstanding shares of common stock as of July 1, 2010, excluding 3,000,000 issued treasury shares.
Page 2 of 7 Pages
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1 |
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NAMES OF REPORTING PERSONS
Libin Sun |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
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(a) o |
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(b) o |
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3 |
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SEC USE ONLY |
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4 |
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SOURCE OF FUNDS (SEE INSTRUCTIONS) |
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OO |
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5 |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
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o |
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6 |
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CITIZENSHIP OR PLACE OF ORGANIZATION |
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Peoples Republic of China
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7 |
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SOLE VOTING POWER |
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NUMBER OF |
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12,555,625 |
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SHARES |
8 |
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SHARED VOTING POWER |
BENEFICIALLY |
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OWNED BY |
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0 |
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EACH |
9 |
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SOLE DISPOSITIVE POWER |
REPORTING |
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PERSON |
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12,555,625 |
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WITH |
10 |
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SHARED DISPOSITIVE POWER |
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0 |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
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12,555,625 |
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12 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
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o
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13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
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16.9%+ |
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14 |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) |
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IN |
+ Calculated using 74,168,817 issued and outstanding shares of common stock as of July 1, 2010, excluding 3,000,000 issued treasury shares.
Page 3 of 7 Pages
ITEM 1. SECURITY AND ISSUER
This statement on Schedule 13D (this Statement) relates to the common stock, $0.01 par
value per share (the Common Stock), of AsiaInfo-Linkage, Inc., a Delaware corporation
(the Issuer or the Company). According to the Issuers most recent Form 10-Q
filed with the U.S. Securities and Exchange Commission on May 7, 2010, the principal executive
offices of the Issuer are located at 4/F Zhongdian Information Tower, 6 Zhongguancun South Street,
Haidian District, Beijing 100086, Peoples Republic of China.
ITEM 2. IDENTITY AND BACKGROUND
(a) This statement is filed by LT International Limited, a company organized under the laws of the
British Virgin Islands (LTI). LTI is wholly owned and controlled by Libin Sun, who is LTIs
director.
(b) The address of the principal executive offices of LTI and the business address of Libin Suns No.
16 Building, No. 12 Dinghuaimen, Nanjing 210013, Peoples Republic of China.
(c) The principal business of LTI is investment holdings. The present principal employment of
Libin Sun is a director of the Issuer and its executive co-chairman. The Issuer is a leading
provider of high-quality telecommunications software solutions and information technology security
products and services in China and the address of its principal executive offices is 4th Floor,
Zhongdian Information Tower, 6 Zhongguancun South Street, Haidian District, Beijing 100086, Peoples Republic of China.
(d) During the last five years, none of LTI or Libin Sun has been convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors).
(e) During the last five years, none of LTI or Libin Sun has been a party to a civil proceeding of
a judicial or administrative body of competent jurisdiction and as a result of such proceeding were
or are 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) Libin Sun is a citizen of the Peoples Republic of China.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The information set forth in Item 4 hereof is hereby incorporated by reference in its entirety into
this Item 3.
ITEM 4. PURPOSE OF TRANSACTION
Pursuant to the Business Combination Agreement dated December 4, 2009, as supplemented on June 5,
2010 by the Supplemental Agreement, by and among the Company, Linkage Technologies International
Holdings Limited (Linkage), certain shareholders of Linkage, and Libin Sun as agent for
the shareholders of Linkage (collectively, the Combination Agreement), the Company
purchased from Linkage 100% of the outstanding share capital of Linkages wholly-owned subsidiary,
Linkage Technologies Investment Limited (Linkage Technologies), for US$60 million in cash
and 26,832,731 shares of Common Stock, or 36.18% of the Issuers total issued and
outstanding shares of 74,168,817 as of July 1, 2010 (collectively, the Consideration),
resulting in Linkage Technologies becoming the Companys wholly-owned subsidiary (such transaction,
the Combination). The Combination Agreement entered into on December 4, 2009 placed a
value on the Common Stock of $24.07 per share. The estimated aggregate market value of the
Consideration was approximately $734 million as of December 4, 2009 and approximately $647 million
as of June 30, 2010. Of the 26,832,731 shares issued to Linkage at the closing of the Combination
on July 1, 2010 (the Closing Date), 2,683,273 are currently being held in escrow and are
subject to forfeiture during the 18 months following the Closing Date as security for the
indemnification obligations of Linkage and certain key Linkage shareholders under the Combination
Agreement. After Linkage acquired these 26,832,731 shares on July 1, 2010, Linkage distributed an
aggregate of 24,149,003 of them to its shareholders, including 12,555,625 shares to LTI, with such transfers being deemed
effective as of July 7, 2010.
Page 4 of 7 Pages
Except for the Combination Agreement and related agreements and transactions, LTI and Libin Sun do not have any present plans or proposals
which relate to or would result in any of the actions described in sub-paragraphs (a) through (j) of Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a)-(b) Set forth in the table below is the number and percentage of shares of Common Stock of the
Issuer beneficially owned by LTI as of July 13, 2010.
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NUMBER OF SHARES |
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NUMBER OF SHARES |
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BENEFICIALLY |
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AGGREGATE |
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BENEFICIALLY OWNED |
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OWNED WITH |
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NUMBER OF SHARES |
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PERCENTAGE OF |
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WITH SOLE VOTING AND |
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SHARED VOTING AND |
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BENEFICIALLY |
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CLASS BENEFICIALLY |
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NAME |
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DISPOSITIVE POWER |
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DISPOSITIVE POWER |
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OWNED |
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OWNED (1) |
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LTI |
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12,555,625 |
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0 |
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12,555,625 |
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16.9 |
% |
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(1) |
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Calculated using 74,168,817 issued and outstanding shares of Common Stock as of July 1, 2010, excluding 3,000,000 issued treasury
shares. |
(c)-(d) The information set forth in Item 4 hereof is hereby incorporated by reference in its
entirety into this Item 5.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE
ISSUER.
The information set forth in Item 4 hereof is hereby incorporated by reference in its entirety into
this Item 6.
Concurrently and in connection with the Closing, the Company entered into an escrow agreement with
Linkage, Mr. Sun as agent for the shareholders of Linkage, and The Bank of New York Mellon.
Pursuant to the agreement, 10% of the aggregate consideration to be delivered to Linkage
(consisting of $6 million in cash and 2,683,273 shares of Common Stock) was deposited
into an escrow account for a period of 18 months as security for the indemnification obligations of
Linkage and certain key Linkage shareholders under the Combination Agreement.
Concurrently and in connection with the Combination Agreement, the Company, Edward Tian, Libin Sun and Linkage entered into a stockholders agreement. Pursuant
to the agreement, among other things, Libin Sun and Edward Tian agreed to vote in favor of the election or
re-election of Edwin Tian and Libin Sun, respectively, to the board of directors of the Company.
The foregoing descriptions of the Combination Agreement, the escrow agreement and the stockholders agreement, and the
transactions contemplated thereby, do not purport to be complete and are qualified in their
entirety by reference to such agreements, which are attached hereto as Exhibits A, B, C and D,
respectively, and are incorporated by reference herein.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit A Business Combination Agreement, dated December 4, 2009, by and among the Company,
Linkage Technologies International Holdings Limited and the other parties
thereto. (Incorporated by reference to Exhibit 2.1 to the Issuers Form 8-K
filed with the U.S. Securities and Exchange Commission on December 9, 2009.)
Page 5 of 7 Pages
Exhibit B Supplemental Agreement, dated June 5, 2010, by and among the Company, Linkage
Technologies International Holdings Limited and the other parties thereto.
(Incorporated by reference to Exhibit 10.1 to the Issuers Form 8-K filed with the U.S.
Securities and Exchange Commission on June 7, 2010.)
Exhibit C Escrow Agreement, dated July 1, 2010, by and among the Company, Linkage, the
Shareholders Agent, and The Bank of New York Mellon. (Incorporated by reference to
Exhibit 10.2 to the Issuers Form 8-K filed with the U.S. Securities and Exchange Commission on
July 1, 2010.)
Exhibit D Stockholders Agreement, dated December 4, 2009, by and among the Company, Edward
Tian, Libin Sun and Linkage. (Incorporated by reference to Exhibit 10.3 to the Issuers
Form 8-K filed with the U.S. Securities and Exchange Commission on December 9, 2009.)
Exhibit E Joint Filing Agreement, dated July 13, 2010, between LT International Limited and
Libin Sun.
Page 6 of 7 Pages
SIGNATURE
After reasonable 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.
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Dated: July 13, 2010 |
LT International Limited
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/s/ Libin Sun
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Name: |
Libin Sun |
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Title: |
Director |
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Libin Sun
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/s/ Libin Sun
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Libin Sun |
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Page 7 of 7 Pages