SEC Info - Azar Richard Essa, et al. - ‘4’ for 5/24/11 re: China-Biotics, Inc.

FORM 4

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Value Holdings Capital S.A.

2. Issuer Name and Ticker or Trading Symbol
CHINA-BIOTICS, INC [CHBT]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	__X__ 10% Owner
_____ Officer (give title below)	_____ Other (specify below)

(Last)

(First)

(Middle)

C/O HARNEY'S CORPORATE SERVICES LTD., CRAIGMUIR CHAMBERS, P.O. BOX 71

3. Date of Earliest Transaction (Month/Day/Year)
05/24/2011

(Street)

ROAD TOWN, TORTOLA, D8 VG1110

4. If Amendment, Date Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/24/2011		P		887	A	$8.71	3,965,387	I	See Footnote ⁽¹⁾
Common Stock	05/24/2011		P		1,500	A	$8.72	3,966,887	I	See Footnote ⁽¹⁾
Common Stock	05/24/2011		P		700	A	$8.73	3,967,587	I	See Footnote ⁽¹⁾
Common Stock	05/24/2011		P		1,913	A	$8.74	3,969,500	I	See Footnote ⁽¹⁾
Common Stock	05/24/2011		P		438	A	$8.75	3,969,938	I	See Footnote ⁽¹⁾
Common Stock	05/24/2011		P		600	A	$8.76	3,970,538	I	See Footnote ⁽¹⁾
Common Stock	05/24/2011		P		400	A	$8.77	3,970,938	I	See Footnote ⁽¹⁾
Common Stock	05/24/2011		P		500	A	$8.78	3,971,438	I	See Footnote ⁽¹⁾
Common Stock	05/24/2011		P		200	A	$8.79	3,971,638	I	See Footnote ⁽¹⁾
Common Stock	05/24/2011		P		1,842	A	$8.8	3,973,480	I	See Footnote ⁽¹⁾
Common Stock	05/24/2011		P		1,700	A	$8.81	3,975,180	I	See Footnote ⁽¹⁾
Common Stock	05/24/2011		P		892	A	$8.83	3,976,072	I	See Footnote ⁽¹⁾
Common Stock	05/24/2011		P		800	A	$8.84	3,976,872	I	See Footnote ⁽¹⁾
Common Stock	05/24/2011		P		2,892	A	$8.85	3,979,764	I	See Footnote ⁽¹⁾
Common Stock	05/24/2011		P		200	A	$8.86	3,979,964	I	See Footnote ⁽¹⁾
Common Stock	05/24/2011		P		300	A	$8.87	3,980,264	I	See Footnote ⁽¹⁾
Common Stock	05/24/2011		P		2,828	A	$8.88	3,983,092	I	See Footnote ⁽¹⁾
Common Stock	05/24/2011		P		2,608	A	$8.89	3,985,700	I	See Footnote ⁽¹⁾
Common Stock	05/24/2011		P		100	A	$8.9	3,985,800	I	See Footnote ⁽¹⁾
Common Stock	05/24/2011		P		600	A	$8.91	3,986,400	I	See Footnote ⁽¹⁾
Common Stock	05/24/2011		P		2,100	A	$8.92	3,988,500	I	See Footnote ⁽¹⁾
Common Stock	05/24/2011		P		2,100	A	$8.93	3,990,600	I	See Footnote ⁽¹⁾
Common Stock	05/24/2011		P		800	A	$8.94	3,991,400	I	See Footnote ⁽¹⁾
Common Stock	05/24/2011		P		3,400	A	$8.95	3,994,800	I	See Footnote ⁽¹⁾
Common Stock	05/24/2011		P		1,000	A	$8.96	3,995,800	I	See Footnote ⁽¹⁾
Common Stock	05/24/2011		P		4,200	A	$9	4,000,000	I	See Footnote ⁽¹⁾

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code
(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date
(Month/Day/Year)

7. Title and Amount of Underlying Securities
(Instr. 3 and 4)

8. Price of Derivative Security
(Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Value Holdings Capital S.A. C/O HARNEY'S CORPORATE SERVICES LTD. CRAIGMUIR CHAMBERS, P.O. BOX 71 ROAD TOWN, TORTOLA, D8 VG1110		X
Azar Richard Essa 7-9 ST. CLAIR PLACE, 2ND FLOOR ST. CLAIRE AVENUE PORT OF SPAIN, W5		X
Value Assets International, S.A. C/O HARNEY'S CORPORATE SERVICES LTD. CRAIGMUIR CHAMBERS, P.O. BOX 71 ROAD TOWN, TORTOLA, D8		X

Signatures

/s/ Allan M. Lerner, Attorney-in-fact		05/26/2011
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Value Holdings Capital, S.A. has direct ownership of 1,536,336 shares and the balance is owned directly by Value Assets International, S.A. Value Holdings Capital, S.A. and Value Assets International, S.A. are wholly owned and controlled by Richard E. Azar. As such, he may be deemed the indirect beneficial owner of the common shares owned directly by Value Holdings Capital, S.A. and Value Assets International, S.A.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.

Azar Richard Essa, et al. – ‘4’ for 5/24/11 re: China-Biotics, Inc.

On: Thursday, 5/26/11, at 4:02pm ET · For: 5/24/11 · As: 10% Owner · Accession #: 1181431-11-32886 · File #: 1-34123

Previous ‘4’: ‘4’ on 5/26/11 for 5/24/11 · Latest ‘4’: This Filing

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34
Filing Table of Contents

This ‘4’ Document is an XML Data File that may be rendered in various formats:

Reporting Owners

Signatures

Explanation of Responses:

Azar Richard Essa, et al. – ‘4’ for 5/24/11 re: China-Biotics, Inc.

On: Thursday, 5/26/11, at 4:02pm ET · For: 5/24/11 · As: 10% Owner · Accession #: 1181431-11-32886 · File #: 1-34123

Previous ‘4’: ‘4’ on 5/26/11 for 5/24/11 · Latest ‘4’: This Filing

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34Filing Table of Contents

This ‘4’ Document is an XML Data File that may be rendered in various formats:

Reporting Owners

Signatures

Explanation of Responses:

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34
Filing Table of Contents