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 (b)
(Amendment No. 2)*
SHANDA INTERACTIVE ENTERTAINMENT LIMITED
--------------------------------------------------------------------------------
(Name of Issuer)
Ordinary Shares, $0.01 par value per share
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(Title of Class of Securities)
81941Q 20 3(1)
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(CUSIP Number)
December 31, 2006
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(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 two Ordinary Shares.
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CUSIP NO. 81941Q 20 3 Schedule 13 G Page 2 of 12 Pages
---------------------
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Skyline Media Limited
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
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NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY EACH ----------------------------------------------------
REPORTING 6 SHARED VOTING POWER
PERSON
WITH 0
----------------------------------------------------
7 SOLE DISPOSITIVE POWER
0
----------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES [ ]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
CO
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CUSIP NO. 81941Q 20 3 Schedule 13 G Page 3 of 12 Pages
---------------------
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Skyline Capital International Limited
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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 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY EACH -----------------------------------------------------------
REPORTING 6 SHARED VOTING POWER
PERSON
WITH 0
-----------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0
-----------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES [ ]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
CO
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CUSIP NO. 81941Q 20 3 Schedule 13 G Page 4 of 12 Pages
---------------------
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Premium Lead Company Limited
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 60,000,000 Ordinary Shares
OWNED BY EACH -----------------------------------------------------------
REPORTING 6 SHARED VOTING POWER
PERSON
WITH 0
-----------------------------------------------------------
7 SOLE DISPOSITIVE POWER
60,000,000 Ordinary Shares
-----------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
60,000,000 Ordinary Shares
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES [ ]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
41.6%(2)
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
CO
--------------------------------------------------------------------------------
----------
(2) Based on 144,314,994 ordinary shares outstanding as of November 14, 2007, as
reported by the Issuer in its proxy statement for the annual general meeting of
shareholders held on December 18, 2007. The Issuer filed the proxy statement as
an exhibit to its report on Form 6-K filed with the Securities and Exchange
Commission on November 26, 2007.
---------------------
CUSIP NO. 81941Q 20 3 Schedule 13 G Page 5 of 12 Pages
---------------------
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
First Step Investments Limited
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 60,000,000 Ordinary Shares(3)
OWNED BY EACH ------------------------------------------------------------
REPORTING 6 SHARED VOTING POWER
PERSON
WITH 0
------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
60,000,000 Ordinary Shares(3)
------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
60,000,000 Ordinary Shares(3)
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES [ ]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
41.6%(4)
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
CO
--------------------------------------------------------------------------------
----------
(3) Solely as a holder of 60% of Shares in Premium Lead Company Limited.
(4) Based on 144,314,994 ordinary shares outstanding as of November 14, 2007,
as reported by the Issuer in its proxy statement for the annual general meeting
of shareholders held on December 18, 2007. The Issuer filed the proxy statement
as an exhibit to its report on Form 6-K filed with the Securities and Exchange
Commission on November 26, 2007.
---------------------
CUSIP NO. 81941Q 20 3 Schedule 13 G Page 6 of 12 Pages
---------------------
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Shanda Media Limited
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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 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 60,000,000 Ordinary Shares(5)
OWNED BY EACH ------------------------------------------------------------
REPORTING 6 SHARED VOTING POWER
PERSON
WITH 0
------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
60,000,000(5)
------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
60,000,000 Ordinary Shares(5)
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES [ ]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
41.6%(6)
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
CO
--------------------------------------------------------------------------------
----------
(5) Solely as a holder of 60% Shares of First Step Investments Limited.
(6) Based on 144,314,994 ordinary shares outstanding as of November 14, 2007,
as reported by the Issuer in its proxy statement for the annual general meeting
of shareholders held on December 18, 2007. The Issuer filed the proxy statement
as an exhibit to its report on Form 6-K filed with the Securities and Exchange
Commission on November 26, 2007.
---------------------
CUSIP NO. 81941Q 20 3 Schedule 13 G Page 7 of 12 Pages
---------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Tianqiao Chen
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
People's Republic of China
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NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 62,454,538 Ordinary Shares(7)
OWNED BY EACH ------------------------------------------------------------
REPORTING 6 SHARED VOTING POWER
PERSON
WITH 0
------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
62,454,538(7)
------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
62,454,538 Ordinary Shares(7)
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES [ ]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
43.3%(8)
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12 TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
----------
(7) Includes 60,000,000 Ordinary Shares held as the sole shareholder of Shanda
Media Limited; 2,188,338 ordinary shares held by DBS Trustee Limited acting as
trustees of the Jade Trust and 266,200 ordinary shares that may be issued upon
the exercise of share options that are held by DBS Trustee Limited acting as
trustees of the Jade Trust. Ordinary shares and stock options held by DBS
Trustees Limited acting as trustees of the Jade Trust are held for the benefit
of Tianqiao Chen and his family members.
---------------------
CUSIP NO. 81941Q 20 3 Schedule 13 G Page 8 of 12 Pages
---------------------
ITEM 1(a). NAME OF ISSUER:
Shanda Interactive Entertainment Limited (the "Issuer")
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
No. 1 Office Building, No. 690 Bibo Road, Pudong New Area, Shanghai
201203, People's Republic of China
ITEM 2(a). NAME OF PERSON FILING:
(i) Skyline Media Limited ("SML")
(ii) Skyline Capital International Limited ("SCIL")
(iii) Premium Lead Company Limited ("Premium Lead")
(iv) First Step Investments Limited ("First Step")
(v) Shanda Media Limited ("Shanda Media")
(vi) Tianqiao Chen
(SML, SCIL, Premium Lead, First Step, Shanda Media and Tianqiao Chen
are referred to herein as the "Reporting Persons," each, a
"Reporting Person.")
The Reporting Persons are making this single, joint filing pursuant
to Rule 13d-1(k) of the Securities Exchange Act of 1934, as amended
(the "Act") because each of them is reporting as to the beneficial
ownership of the same securities and because they may be deemed to
constitute a "group" within the meaning of Section 13(d)(3) of the
Act, although neither the fact of this filing or anything contained
herein shall be deemed to be an admission by the Reporting Persons
that a group exists.
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE, OR, IF NONE, RESIDENCE:
For SML, SCIL, First Step and Shanda Media: P.O Box 957, Offshore
Incorporations Centre, Road Town, Tortola, British Virgin Islands.
-----------
(8) Based on 144,314,994 ordinary shares outstanding as of November 14, 2007, as
reported by the Issuer in its proxy statement for the annual general meeting of
shareholders held on December 18, 2007. The Issuer filed the proxy statement as
an exhibit to its report on Form 6-K filed with the Securities and Exchange
Commission on November 26, 2007.
---------------------
CUSIP NO. 81941Q 20 3 Schedule 13 G Page 9 of 12 Pages
---------------------
For Premium Lead: Woodbourne Hall, Road Town, Tortola, British
Virgin Islands.
For Mr. Tianqiao Chen: No. 1 Office Building, No. 690 Bibo Road,
Pudong New Area Shanghai 201203, People's Republic of China.
ITEM 2(c) CITIZENSHIP:
Mr. Chen is a citizen of the People's Republic of China. All other
Reporting Persons are British Virgin Islands corporations.
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CUSIP NO. 81941Q 20 3 Schedule 13 G Page 10 of 12 Pages
---------------------
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Ordinary Shares
ITEM 2(e). CUSIP NUMBER:
81941Q 20 3
ITEM 3. STATEMENT FILED PURSUANT TO RULE 13d-1(b) OR 13d-2(b) OR (c):
Not applicable.
ITEM 4. OWNERSHIP.
SHARED
SOLE POWER POWER TO SOLE POWER TO SHARED POWER
AMOUNT TO VOTE OR VOTE OR TO DISPOSE OR TO TO DISPOSE OR TO
BENEFICIALLY PERCENT DIRECT DIRECT DIRECT THE DIRECT THE
REPORTING PERSON OWNED: OF CLASS: THE VOTE: THE VOTE: DISPOSITION OF: DISPOSITION OF:
---------------- ------------ --------- ---------- ---------- --------------- ----------------
SML 0 0% 0 0 0 0
SCIL 0 0% 0 0 0 0
Premium Lead 60,000,000 41.6% 60,000,000 0 60,000,000 0
First Step 60,000,000 41.6% 60,000,000 0 60,000,000 0
Shanda Media 60,000,000 41.6% 60,000,000 0 60,000,000 0
Tianqiao Chen 62,454,538 43.3% 62,454,538 0 62,454,538 0
On September 19, 2007, SML sold 4,565,939 ADSs, representing
9,131,878 Ordinary Shares, pursuant to Rule 144 under the Securities
Act of 1933, as amended.
On December 27, 2007, in connection with an internal restructuring
among the Reporting Persons (the "Restructuring"):
- SML transferred 60,000,000 Ordinary Shares to Premium
Lead, a newly-formed British Virgin Islands corporation,
in exchange for two deeds of indebtedness of an
aggregate principal amount of US$1,116,300,000 executed
by Premium Lead in favor of SML.
- SML transferred 11,922,412 Ordinary Shares and 7,900
ADSs (representing 15,800 Ordinary Shares) to Crystal
Day Holdings Limited ("Crystal Day"), a newly-formed
Hong Kong corporation, in exchange for a deed of
indebtedness of a principal amount of US$222,110,434
executed by Crystal Day in favor of SML.
As a result of the sales described above, SML and SCIL no longer
hold any Ordinary Shares. Premium Lead and Crystal Day are record
holders of Ordinary Shares.
Also in connection with the Restructuring, Premium Lead has the
following direct and indirect shareholders:
---------------------
CUSIP NO. 81941Q 20 3 Schedule 13 G Page 11 of 12 Pages
---------------------
- First Step was formed to hold 60% of shares of Premium
Lead.
- Shanda Investment International Limited ("Shanda
Investment), a British Virgin Islands corporation,
became the holder of the remaining 40% of shares of
Premium Lead. Mr. Danian Chen is the sole shareholder of
Shanda Investment.
- Shanda Media became the holder of 60% of shares of First
Step. Mr. Tianqiao Chen is the sole shareholder of
Shanda Media.
- Fortune Capital Holdings Enterprise Limited ("Fortune
Capital"), a British Virgin Islands corporation, became
the holder of 40% of shares of First Step. Ms. Qianqian
Luo is the sole shareholder of Fortune Capital.
In addition, in connection with the Restructuring, Crystal Day
became a wholly-owned subsidiary of Silver Rose Investment Limited
("Silver Rose"), a newly-formed British Virgin Islands corporation.
Silver Rose in turn is a wholly-owned subsidiary of C&T Trust ("C&T
Trust"), a newly-established Cayman Islands discretionary trust.
HSBC International Trustee Limited ("HKIT") is the trustee of C&T
Trust. Lion International Management Limited ("Lion International"),
a wholly-owned subsidiary of HKIT, is the sole director of Silver
Rose and Crystal Day.
Crystal Day, Silver Rose, HKIT and Lion International jointly filed
a Schedule 13G on January 7, 2008 to report the acquisition of
11,922,412 Ordinary Shares described above.
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: [X]
As described above, as of December 27, 2007, SML sold all of its
Ordinary Shares. As a result, SML and SCIL no longer hold any
Ordinary Shares.
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
---------------------
CUSIP NO. 81941Q 20 3 Schedule 13 G Page 12 of 12 Pages
---------------------
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Not applicable
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable
ITEM 10. CERTIFICATION.
Not applicable
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: January 15, 2008
SKYLINE MEDIA LIMITED
By: /s/ Tianqiao Chen
---------------------------------
Name: Tianqiao Chen
Title: Attorney-in-Fact
SKYLINE CAPITAL INTERNATIONAL LIMITED
By: /s/ Tianqiao Chen
---------------------------------
Name: Tianqiao Chen
Title: Attorney-in-Fact
PREMIUM LEAD COMPANY LIMITED
By: /s/ Tianqiao Chen
---------------------------------
Name: Tianqiao Chen
Title: Director
FIRST STEP INVESTMENT LIMITED
By: /s/ Tianqiao Chen
---------------------------------
Name: Tianqiao Chen
Title: Director
SHANDA MEDIA LIMITED
By: /s/ Tianqiao Chen
---------------------------------
Name: Tianqiao Chen
Title: Director
TIANQIAO CHEN
By: /s/ Tianqiao Chen
---------------------------------
Name: Tianqiao Chen
EXHIBIT 99.1
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k) promulgated under the Securities Exchange
Act of 1934, as amended, the undersigned hereby agree to the joint filing with
all other Reporting Persons (as such term is defined in the Schedule 13G
referred to below) on behalf of each of them of a statement on Schedule 13G
(including amendments thereto) with respect to the Ordinary Shares, par value
$0.01 per share, of Shanda Interactive Entertainment Limited., a Cayman Islands
company, and that this Agreement may be included as an Exhibit to such joint
filing. This Agreement may be executed in any number of counterparts, all of
which taken together shall constitute one and the same instrument.
[Remainder of this page has been left intentionally blank.]
SIGNATURE PAGE
IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of
the 15th day of January 2008.
SKYLINE MEDIA LIMITED
By: /s/ Tianqiao Chen
---------------------------------
Name: Tianqiao Chen
Title: Attorney-in-Fact
SKYLINE CAPITAL INTERNATIONAL LIMITED
By: /s/ Tianqiao Chen
---------------------------------
Name: Tianqiao Chen
Title: Attorney-in-Fact
PREMIUM LEAD COMPANY LIMITED
By: /s/ Tianqiao Chen
---------------------------------
Name: Tianqiao Chen
Title: Director
FIRST STEP INVESTMENT LIMITED
By: /s/ Tianqiao Chen
---------------------------------
Name: Tianqiao Chen
Title: Director
SHANDA MEDIA LIMITED
By: /s/ Tianqiao Chen
---------------------------------
Name: Tianqiao Chen
Title: Director
TIANQIAO CHEN
By: /s/ Tianqiao Chen
---------------------------------
Name: Tianqiao Chen