Washington, D.C. 20549

                                 SCHEDULE 13G/A

                    Under the Securities Exchange Act of 1934
                               (Amendment No. 8)*

                           PEAK INTERNATIONAL LIMITED
                                (Name of Issuer)

                                  Common Stock
                         (Title of Class of Securities)

                                 (CUSIP Number)

                                  June 3, 2008
             (Date of Event Which Requires Filing of this Statement)

Check the  appropriate box to designate the rule pursuant to which this Schedule
is filed:

         / X /    Rule 13d-1(b)
         /   /    Rule 13d-1(c)
         /   /    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 the
disclosures provided in a prior cover page.

The information required in 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 the section of the Act
but  shall be  subject  to all other  provisions  of the Act  (however,  see the

                                 SCHEDULE 13G/A
                              CUSIP NO. G69586108

1.      Names of Reporting Persons.
        I.R.S. Identification Nos. of above persons (entities only).

         Quaker Capital Management Corporation

2.      Check the Appropriate Box if a Member of a Group

         (b)        X

3.       SEC Use Only

4. Citizenship or Place of Organization                         Pennsylvania

Number of         5.       Sole Voting Power                    0
  Shares                                                        ----------------
Beneficially      6.       Shared Voting Power                  0
  Owned by                                                      ----------------
Each Reporting    7.       Sole Dispositive Power               0
   Person                                                      ----------------
   With:          8.       Shared Dispositive Power             0

9.       Aggregate Amount Beneficially Owned by Each Reporting Person


10.      Check if the Aggregate Amount in Row (9) Excludes Certain

11. Percent of Class Represented by Amount in Row (9)


12. Type of Reporting Person                                    IA

                               Page 2 of 6 Pages

                                 SCHEDULE 13G/A
                              CUSIP NO. G69586108

Item 1.

         (a)      Name of Issuer


         (b)      Address of Issuer's Principal Executive Offices

                  Flat E & F, 19/F., CDW Building, 388 Castle Peak Road
                  Tsuen Wan, New Territories Hong Kong
Item 2.

         (a)      Name of Persons Filing

                  Quaker Capital Management Corporation

         (b)      Address of Principal Business Office or, if none, Residence

                  601 Technology Drive, Suite 310, Canonsburg,
                  Pennsylvania 15317

         (c)      Citizenship

                  Pennsylvania Corporation

         (d)      Title of Class of Securities

                  Common Stock

         (e)      CUSIP Number


                               Page 3 of 6 Pages

                                 SCHEDULE 13G/A
                              CUSIP NO. G69586108

Item 3.       If this  statement  is filed  pursuant  to  ss.ss.    240.13d-1(b)
              or 240.13d-2(b) or (c), check whether the person filing is a:

     (a)   /   / Broker of dealer registered under section 15 of the Act;

     (b)   /   / Bank as defined in section 3(a)(6) of the Act;

     (c)   /   / Insurance company as defined in section 3(a)(19) of the Act;

     (d)   /   / Investment company registered under section 8 of the Investment
                 Company Act of 1940;

     (e)   / X / An investment adviser  in   accordance with  ss.240.13d-1(b)(l)

     (f)   /   / An employee benefit plan or endowment fund in accordance   with

     (g)   /   / A parent holding company or control person in accordance   with

     (h)   /   / A savings association as defined   in   Section 3(b)  of    the
                 Federal Deposit Insurance Act;

     (i)  /    / A church plan that is excluded  from  the   definition  of   an
                 investment  company  under  section  3(c)(14) of the Investment
                 Company Act of 1940;

     (j)   /   / Group, in accordance with ss.240.13d-1((b)(l)(ii)(J)

Item 4.       Ownership

         (a) Not applicable.

         (b) Not applicable.

         (c) Not applicable.

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

                               Page 4 of 6 Pages

                                 SCHEDULE 13G/A
                              CUSIP NO. G69586108

be the  beneficial  owner of more than five percent of the class of  securities,
check the following:                   X

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

         Not applicable.

Item 9.  Notice of Dissolution of Group

         Not applicable.

Item 10. Certification

          By  signing  below I certify  that,  to the best of my  knowledge  and
belief,  the  securities  referred  to above were  acquired  and are held in the
ordinary  course  of  business  and were not  acquired  and are not held for the
purpose of or with the effect of  changing  or  influencing  the  control of the
issuer of the  securities  and were not acquired and are not held in  connection
with or as a participant in any transaction having that purpose or effect.

                               Page 5 of 6 Pages

                                 SCHEDULE 13G/A
                              CUSIP NO. G69586108


          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

                                           QUAKER CAPITAL MANAGEMENT CORPORATION

                                             June 6, 2008

                                             /s/ Mark G. Schoeppner

                                             Mark G. Schoeppner, President

                               Page 6 of 6 Pages