8th May 2019 17:22
LONDON (Alliance News) - Pacific Alliance China Land Ltd on Wednesday said its net asset value decresed by over 5% in 2018, despite outperforming its benchmark indices.
For 2018, the AIM-traded, closed-end investment company's net asset value fell to USD7.2 million or USD2.7192 per share. A year ago, it amounted to USD2.8816.
However, the company's NAV and share price have both outperformed major benchmark indices including the FTSE 350 Real Estate Index and the FTSE AIM All-Share Index, the firm added.
Currently all of the company's investments have been exited.
Pacific Alliance China Land shares closed untraded at USD2.54 each.