Schedule 13G

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

SCHEDULE 13G

(Rule 13d-102)

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO RULES 13d-1 (b), (c) AND (d) AND AMENDMENTS THERETO

FILED PURSUANT TO 13d-2

 

 

 

 

VisionChina Media Inc.

(Name of Issuer)

 

 

Common Shares, par value US$0.0001 per share

(Title of Class of Securities)

 

 

92833U 10 31

(CUSIP Number)

 

 

December 31, 2007

(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)

¨ Rule 13d-1(c)

x 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 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).

[Continued on following pages]

 

1

This CUSIP number applies to the Issuer’s American Depositary Shares, each representing one Common Share.


CUSIP NO. 92833U 10 3   Schedule 13G   Page 2 of 9 Pages

 

  1  

NAME OF REPORTING PERSON

 

            Milestone Capital Partners Limited

   
  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨

(b)  x

   
  3  

SEC USE ONLY

 

   
  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

            Cayman Islands

   

 

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY  

EACH  

REPORTING  

PERSON  

WITH  

 

 

  5    SOLE VOTING POWER

 

            6,708,408 Common Shares

 

  6    SHARED VOTING POWER

 

            0

 

  7    SOLE DISPOSITIVE POWER

 

            6,708,408 Common Shares

 

  8    SHARED DISPOSITIVE POWER

 

            0

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

            6,708,408 Common Shares

   
10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

 

 

¨

 

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

            9.8%

   
12  

TYPE OF REPORTING PERSON

 

            CO

   


CUSIP NO. 92833U 10 3   Schedule 13G   Page 3 of 9 Pages

 

  1  

NAME OF REPORTING PERSON

 

            Milestone China Opportunities Fund II, L.P.

   
  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨

(b)  x

   
  3  

SEC USE ONLY

 

   
  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

            Cayman Islands

   

 

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY  

EACH  

REPORTING  

PERSON  

WITH  

 

 

  5    SOLE VOTING POWER

 

            6,708,408 Common Shares

 

  6    SHARED VOTING POWER

 

            0

 

  7    SOLE DISPOSITIVE POWER

 

            6,708,408 Common Shares

 

  8    SHARED DISPOSITIVE POWER

 

            0

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

            6,708,408 Common Shares

   
10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

 

 

¨

 

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

            9.8%

   
12  

TYPE OF REPORTING PERSON

 

            PN

   


CUSIP NO. 92833U 10 3   Schedule 13G   Page 4 of 9 Pages

 

  1  

NAME OF REPORTING PERSON

 

            Milestone Mobile TV Media Holdings I Limited

   
  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨

(b)  x

   
  3  

SEC USE ONLY

 

   
  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

            British Virgin Islands

   

 

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY  

EACH  

REPORTING  

PERSON  

WITH  

 

 

  5    SOLE VOTING POWER

 

            3,130,590 Common Shares

 

  6    SHARED VOTING POWER

 

            0

 

  7    SOLE DISPOSITIVE POWER

 

            3,130,590 Common Shares

 

  8    SHARED DISPOSITIVE POWER

 

            0

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

            3,130,590 Common Shares

   
10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

 

 

¨

 

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

            4.6%

   
12  

TYPE OF REPORTING PERSON

 

            CO

   


CUSIP NO. 92833U 10 3   Schedule 13G   Page 5 of 9 Pages

 

  1  

NAME OF REPORTING PERSON

 

            Milestone Mobile TV Media Holdings II Limited

   
  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨

(b)  x

   
  3  

SEC USE ONLY

 

   
  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

            British Virgin Islands

   

 

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY  

EACH  

REPORTING  

PERSON  

WITH  

 

 

  5    SOLE VOTING POWER

 

            3,130,590 Common Shares

 

  6    SHARED VOTING POWER

 

            0

 

  7    SOLE DISPOSITIVE POWER

 

            3,130,590 Common Shares

 

  8    SHARED DISPOSITIVE POWER

 

            0

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

            3,130,590 Common Shares

   
10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

 

 

¨

 

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

            4.6%

   
12  

TYPE OF REPORTING PERSON

 

            CO

   


CUSIP NO. 92833U 10 3   Schedule 13G   Page 6 of 9 Pages

 

  1  

NAME OF REPORTING PERSON

 

            Milestone Mobile TV Media Holdings III Limited

   
  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨

(b)  x

   
  3  

SEC USE ONLY

 

   
  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

            British Virgin Islands

   

 

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY  

EACH  

REPORTING  

PERSON  

WITH  

 

 

  5    SOLE VOTING POWER

 

            447,228 Common Shares

 

  6    SHARED VOTING POWER

 

            0

 

  7    SOLE DISPOSITIVE POWER

 

            447,228 Common Shares

 

  8    SHARED DISPOSITIVE POWER

 

            0

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

            447,228 Common Shares

   
10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

 

 

¨

 

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

            0.7%

   
12  

TYPE OF REPORTING PERSON

 

            CO

   


CUSIP NO. 92833U 10 3   Schedule 13G   Page 7 of 9 Pages

 

ITEM 1  

(a).

   NAME OF ISSUER:      
     VisionChina Media Inc. (the “Issuer”)      
ITEM 1  

(b).

   ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES:      
    

1/F Block No.7 Champs Elysees

Nongyuan Road, Futian District

Shenzhen 518040

People’s Republic of China

     
ITEM 2  

(a).

   NAME OF PERSON FILING:      
     This Schedule 13G is filed by and on behalf of (a) Milestone Capital Partners Limited, (b) Milestone China Opportunities Fund II, L.P., (c) Milestone Mobile TV Media Holdings I Limited, (d) Milestone Mobile TV Media Holdings II Limited and (e) Milestone Mobile TV Media Holdings III Limited. Milestone I, II and III are wholly owned by Milestone China Opportunities Fund II, L.P. The general partner of the Milestone China Opportunities Fund II, L.P. is Milestone Capital Partners Limited.      
ITEM 2  

(b).

   ADDRESS OF PRINCIPAL BUSINESS OFFICE, OR, IF NONE, RESIDENCE:      
     For Milestone Capital Partners Limited:      
    

PO Box 309GT, Ugland House, South Church Street, George Town,

Grand Cayman, Cayman Islands.

     
     For Milestone China Opportunities Fund II, L.P.:      
    

PO Box 309GT, Ugland House,

South Church Street, George Town,

Grand Cayman, Cayman Islands.

     
     For Milestone Mobile TV Media Holdings I Limited:      
    

P.O. Box 957, Offshore Incorporation Center,

Road Town, Tortola

British Virgin Islands

     
     For Milestone Mobile TV Media Holdings II Limited:      
    

P.O. Box 957, Offshore Incorporation Center,

Road Town, Tortola

British Virgin Islands

     
     For Milestone Mobile TV Media Holdings III Limited:      
    

P.O. Box 957, Offshore Incorporation Center,

Road Town, Tortola

British Virgin Islands

     
ITEM 2  

(c).

   CITIZENSHIP:      
    

Milestone Capital Partners Limited is a Cayman Islands corporation.

Milestone China Opportunities Fund II, L.P. is a Cayman Islands limited partnership.

Milestone Mobile TV Media Holdings I Limited is a British Virgin Islands corporation.

Milestone Mobile TV Media Holdings II Limited is a British Virgin Islands corporation.

Milestone Mobile TV Media Holdings III Limited is a British Virgin Islands corporation.

     
ITEM 2  

(d).

   TITLE OF CLASS OF SECURITIES:      
     Common Shares      
ITEM 2  

(e).

   CUSIP NUMBER:      
     92833U 10 3      
ITEM 3.      STATEMENT FILED PURSUANT TO RULE 13d-1(b) or 13d-2(b) or (c):      
     Not applicable.      


CUSIP NO. 92833U 10 3   Schedule 13G   Page 8 of 9 Pages

 

ITEM 4.    OWNERSHIP.      

 

Reporting Person

   Amount
beneficially
owned:
   Percent
of class:
    Sole power
to vote or
direct

the vote:
   Shared
power to
vote or to
direct

the vote:
   Sole power to
dispose or to
direct the
disposition of:
   Shared power
to dispose or to
direct the
disposition of:

Milestone Capital Partners Limited

   6,708,408    9.8 %   6,708,408    —      6,708,408    —  

Milestone China Opportunities Fund II, L.P.

   6,708,408    9.8 %   6,708,408    —      6,708,408    —  

Milestone Mobile TV Media Holdings I Limited

   3,130,590    4.6 %   3,130,590    —      3,130,590    —  

Milestone Mobile TV Media Holdings II Limited

   3,130,590    4.6 %   3,130,590    —      3,130,590    —  

Milestone Mobile TV Media Holdings III Limited

   447,228    0.7 %   447,228    —      447,228    —  

 

   Milestone Mobile TV Media Holdings I Limited Milestone, Mobile TV Media Holdings II Limited Milestone and Mobile TV Media Holdings III Limited collectively hold 6,708,408 Common Shares of the Issuer. Milestone I, II and III are wholly owned by Milestone China Opportunities Fund II, L.P. The general partner of the Milestone China Opportunities Fund II, L.P. is Milestone Capital Partners Limited. Milestone China Opportunities Fund II, L.P. and Milestone Capital Partners Limited may be deemed to be the beneficial owner of the 6,708,408 Common Shares of the Issuer owned by Milestone Mobile TV Media Holdings I Limited Milestone, Mobile TV Media Holdings II Limited Milestone and Mobile TV Media Holdings III Limited. Milestone Mobile TV Media Holdings I Limited, Milestone Mobile TV Media Holdings II Limited, Milestone Mobile TV Media Holdings III Limited, Milestone China Opportunities Fund II, L.P. and Milestone Capital Partners Limited may also be deemed to be a group for the Common Shares as defined in Rule 13d-5(b) under the Act, and each member of such group may be deemed to beneficially own the Common Shares beneficially owned by other members constituting such group.
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 5 percent of the class of securities, check the following:  ¨
ITEM 6.    OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.      
   Not applicable      
ITEM 7.    IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
   Not applicable
ITEM 8.    IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.      
   The members of this group are set forth as reporting persons on Schedule 13G.      
ITEM 9.    NOTICE OF DISSOLUTION OF GROUP.      
   Not applicable      
ITEM 10.    CERTIFICATION.      
   Not applicable      


CUSIP NO. 92833U 10 3   Schedule 13G   Page 9 of 9 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.

Dated: February 13, 2008

 

Milestone Capital Partners Limited
By:  

/s/ James Ngai

Name:   James Ngai, representing Cherianne Limited
Title:   Corporate Director
Milestone China Opportunities Fund II, L.P.
 

/s/ Yunli Lou

Name:   Yunli Lou
Title:   Authorized Signatory
Milestone Mobile TV Media Holdings I Limited
 

/s/ Yunli Lou

Name:   Yunli Lou
Title:   Director
Milestone Mobile TV Media Holdings II Limited
 

/s/ Yunli Lou

Name:   Yunli Lou
Title:   Director
Milestone Mobile TV Media Holdings III Limited
 

/s/ Yunli Lou

Name:   Yunli Lou
Title:   Director