TIDMVOC

RNS Number : 6239L

Vision Opportunity China Fund Ltd

03 August 2011

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART INTO THE UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA OR JAPAN

3 August 2011

Vision Opportunity China Fund Limited

(the "Company" or "VOC")

Net Asset Value at 31 July 2011

Vision Opportunity China Fund Limited (AIM: VOC.L) today reports that its unaudited Net Asset Value ("NAV") as at 31 July 2011 was US$49.92 million (22 July 2011: US$52.51 million).

As at 31 July 2011, VOC had 65,289,574 ordinary shares of no par value in issue (the "Ordinary Shares"), which resulted in an unaudited NAV per Ordinary Share of US$0.765 as at that date (22 July 2011: US$0.804).

 
 Portfolio Holdings                                Value (US$m)   % of NAV 
------------------------------------------------  -------------  --------- 
 Shengkai Innovations, Inc. (NASDAQ:VALV)                  11.1      22.3% 
------------------------------------------------  -------------  --------- 
 QKL Stores Inc.(NASDAQ:QKLS)                               9.9      19.9% 
------------------------------------------------  -------------  --------- 
 Tianyin Pharmaceutical Co. (AMEX:TPI)                      0.3       0.7% 
------------------------------------------------  -------------  --------- 
 Wuhan General Group (China) Inc. (NASDAQ:WUHN)             0.1       0.2% 
------------------------------------------------  -------------  --------- 
 Keyuan Petrochemicals Inc. (NASDAQ:KEYP)                   0.0       0.1% 
------------------------------------------------  -------------  --------- 
 China Integrated Energy Inc. (OTCPK:CBEH)*                 0.0       0.0% 
------------------------------------------------  -------------  --------- 
 Cash and cash equivalents                                 28.4      56.8% 
------------------------------------------------  -------------  ---------

* This investment is currently valued at US$nil.

 
 Portfolio Breakdown          Value (US$m)   % of NAV 
---------------------------  -------------  --------- 
 Preferred Stock                       9.1      18.3% 
---------------------------  -------------  --------- 
 Common Stock                          8.8      17.7% 
---------------------------  -------------  --------- 
 Warrants- Time Value                  3.6       7.2% 
---------------------------  -------------  --------- 
 Warrants- Intrinsic Value             0.0       0.0% 
---------------------------  -------------  --------- 
 Cash and cash equivalents            28.4      56.8% 
---------------------------  -------------  ---------

For further information, please contact:

Vision Opportunity China Fund Limited Tel: +1 (212) 849 8225

Rebecca Kerner / Adam Benowitz

Canaccord Genuity Limited Tel: +44 (0)20 7050 6500

Guy Blakeney / Sue Inglis

Financial Dynamics Tel: +44 (0)20 7269 7132

Ed Gascoigne-Pees / Ed Berry

NOTE TO EDITORS

Vision Opportunity China Fund Limited is a closed-ended 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

The company news service from the London Stock Exchange

END

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