VOC Vision OP China

    RNS Number : 4508J
  Vision Opportunity China Fund Ltd
  03 December 2008
   
     NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART INTO THE UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA OR JAPAN

    3 December 2008
    VISION OPPORTUNITY CHINA FUND LIMITED

    RESULTS OF THE EGM

    Vision Opportunity China Fund Limited (the "Company") is pleased to announce the results of the Extraordinary General Meeting held
yesterday.

    At the Extraordinary General Meeting of the Company held at 2.00 p.m. on 2 December 2008, the Resolution set out in the tender offer
circular and notice of Extraordinary General Meeting dated 14 November 2008 was duly passed unanimously by a show of hands. The votes of
those lodged by proxy were as follows:

 Resolution:                                        Votes for:  Votes against:

 To authorise the Company to make market            66,085,000        0
 acquisitions of its own shares pursuant to the
 Tender Offer and to ratify the repurchase
 agreement with Fairfax I.S. PLC, dated 14
 November 2008, in order to effect the Tender
 Offer.

    Notes:

    *     The "for" votes includes those giving the Chairman discretion.
    *     The total number of the Company's ordinary shares in issue at the date of this announcement was 100,000,000.

    As a result, the Tender Offer became unconditional and 33,810,426 Shares will be purchased on or around 10 December 2008.

    CREST accounts are expected to be credited with the Tender Offer proceeds, and in the case of certificated shareholders, cheques for the
Tender Offer proceeds are expected to be despatched by 22 December 2008.

    Following the purchase of the Shares pursuant to the Tender Offer, 6,618,957 Shares will be held in treasury and the remainder of the
Shares purchased will be cancelled. Following the Tender Offer the issued share capital of the Company, excluding Shares held in treasury,
will be 66,189,574.  

    The Company is aware that the shareholding of Vision Capital Advisors, LLC, which at the date of this announcement represented 7.5 per
cent. of the total issued share capital of the Company and which did not tender any of its Shares, will as a result of the Tender Offer
increase to 11.3 per cent. of the total issued share capital of the Company, excluding Shares held in treasury.

    All terms used in this announcement have the same meaning as ascribed to them in the shareholder circular dated 14 November 2008.

    - end -

    Enquiries to:

    Vision Opportunity China Fund Limited
    Chris Fish (Chairman)                                        Tel: +44 (0) 1481 737600

    Vision Capital Advisors
    David Benway, Director / Adam Benowitz, Portfolio Manager
    www.vocfund.com/                                              Tel: +1 (212) 849 8225

    Fairfax I.S. PLC
    James King / Gillian McCarthy                             Tel: +44 (0) 20 7598 5368

    Bankside Consultants Limited
    Simon Rothschild / Oliver Winters                     Tel: +44 (0) 20 7367 8888

    NOTE TO EDITORS

    Vision Opportunity China Fund Limited
    Vision Opportunity China Fund Limited ("VOC") is a closed-ended listed fund traded on AIM. VOC primarily invests directly in listed
companies with operations principally within Greater China. Greater China is a collective term for the territories administered by the
People's Republic of China, those administered by the Republic of China and Singapore.    




This information is provided by RNS
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