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SCHEDULE
13D
Under
the Securities Exchange Act of 1934
(Amendment
No. )*
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Encorium
Group, Inc.
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(Name
of Issuer)
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Common
Stock, $0.001 per value
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(Title
of Class of Securities)
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29257R
10 9
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(CUSIP
Number)
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Richard
D. Propper
c/o
Chardan Capital, LLC
402
West Broadway, Suite 2600
San
Diego, CA 92101
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(Name,
Address and Telephone Number of Person Authorized to
Receive
Notices and Communications)
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July
14, 2008
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(Date
of Event which Requires Filing of this Statement)
If
the filing person has previously filed a statement on Schedule 13G
to
report the acquisition that is the subject of this Schedule 13D,
and is
filing this schedule because of Sec. Sec.240.1 3d- l(e), 240.13d-l(f)
or
240.13d- l(g), check the following box. o
Note:
Schedules filed in paper format shall include a signed original and
five
copies of the schedule, including all exhibits. § §
240.13d-7
for other parties to whom copies are to be sent.
*
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).
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CUSIP
No. 29257R
10 9
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1. Names
of Reporting Persons.
Richard
D. Propper, M.D.
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2. Check
the Appropriate Box if a Member of a Group (See
Instructions)
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(a)
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(b) ý
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(See
Item 5)
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3.
SEC
Use Only
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4.
Source
of Funds (See Instructions) PF
(See Item 3)
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5.
Check
if Disclosure of Legal Proceedings Is Required Pursuant to Items
2(d) or
2(e)
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6. Citizenship
or Place of Organization United
States
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Number
of Shares Beneficially Owned by Each Reporting
Person
With
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7. Sole
Voting Power 5,272,270
(See Item 5)
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8. Shared
Voting Power 0
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9. Sole
Dispositive Power 641,545(1)
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10. Shared
Dispositive Power 0
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11.
Aggregate
Amount Beneficially Owned by Each Reporting Person 5,272,270
(See Item 5)
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12. Check
if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) o
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13.
Percent
of Class Represented by Amount in Row (11) 25.3%
*
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14. Type
of Reporting Person (See Instructions) IN
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(1)
Includes 2,500 shares held by Chardan Capital LLC. Dr. Propper
exercises
voting and investment power over such shares.
*
The percentage in line 13 is calculated based on (i) the shares
owned by
the Reporting Person and shares as to which the Reporting Person
exercises
voting control with respect to certain matters, and (ii) the number
of
shares of Encorium
Group, Inc. common stock outstanding as of March 31, 2008 as set
forth in
Encorium Group, Inc.’s Quarterly Report on Form 10-Q filed with the
Securities and Exchange Commission on May 15, 2008.
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(a) Name of Person Filing: | Richard D. Propper, M.D. |
(b)
Address of Principal
Business
Office:
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625 Broadway, Suite 1111, San Diego, CA 92101 |
(c) Principal Occupation: | CEO of Chardan Capital, LLC |
(d)
Criminal Proceedings:
in
Past Five Years:
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None |
(e)
Civil Securities Proceedings
in
Past Five Years:
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None |
(f) Citizenship: | United States |
¨ |
enhanced
comprehensive global service offering to customers
worldwide;
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¨ |
increased
ability to win and execute large Phase III and IV clinical trial
contracts;
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¨ |
enhanced
profitability resulting from integration and elimination of redundant
overhead costs;
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¨ |
lower
labor costs in India, China and Latin America relative to those in
regions
where the Issuer operates;
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¨ |
greater
access to key emerging markets in India, China and Latin
America;
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¨ |
lower
cost of operational services to conduct clinical trials
worldwide;
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¨ |
greater
ability to recruit patients and enter them into trials more quickly;
and
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¨ |
enhanced
in-house clinical trial expertise with the addition of recognized
international specialists.
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(i) |
641,545
shares owned by Dr. Propper (including 2,500 shares owned by Chardan
Capital, LLC), as to which shares Dr. Propper has sole voting and
investment power; and
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(ii) |
4,630,725
shares owned by the Shareholders, as to which shares Dr. Propper
has sole
voting power (but only with respect to the Business
Combination).
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/s/ Richard D. Propper | |
Richard D. Propper, M.D. |
Name
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Number
of Shares
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Kai
Lindevall
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1,535,361
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Sven-Erik
Nilsson
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1,152,998
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Kenneth
M. Borow, M.D.
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790,000
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Jan
Evert Lilja
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1,152,366
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Total
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4,630,725
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Date
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Number
of Shares
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Purchase
Price per Share or Range of Purchase Prices
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Type
of Transaction
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05/29/08
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2,500
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$1.441
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Open
Market
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06/02/08
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2,000
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$1.49
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Open
Market
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06/10/08
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2,500
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$1.60
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Open
Market
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06/11/08
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4,500
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$1.655
to $1.73
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Open
Market
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06/12/08
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12,700
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$1.875
to $2.04
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Open
Market
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06/13/08
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7,100
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$1.70
to $1.95
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Open
Market
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06/17/08
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1,000
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$1.72
to $1.75
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Open
Market
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06/30/08
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1,500
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$1.59
to $1.60
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Open
Market
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07/08/08
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2,000
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$1.54
to $1.55
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Open
Market
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07/11/08
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1,500
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$1.479
to $1.48
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Open
Market
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Date
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Number
of Shares
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Range
of Sales Prices Per Share
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Type
of Transaction
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05/29/08
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10,100
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$1.36
to $1.58
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Open
Market
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