17th Apr 2015 09:46
17 April 2015
Pacific Alliance China Land Limited
Share Dealings
Pacific Alliance China Fund Limited ("PACL" or the "Company") (AIM: PACL), the closed-end investment company admitted to trading on AIM, today announces the following dealings in the Company.
The Company has been informed that on 28 November 2014, Pacific Alliance Asia Opportunity Fund L.P. ("PAX LP"), an open-end fund organized in the Cayman Islands, purchased 5,037,298 of Company's ordinary shares, US$0.01 each ("Ordinary Shares"), at US$1.78 per share as part of the Company's Share Repurchase transaction which closed that same date.
Following that transaction, PAX LP held 15,323,217 of the Company's Ordinary Shares representing 13.5% of the total voting rights of the Company.
The Company has also been informed that on 13 February 2015, PAX LP sold 1,298,106 of the Company's Ordinary Shares at US$2.60 per share as part of the Company's Mandatory Share Repurchase transaction which closed that same date.
Following that transaction, PAX LP held 14,025,111 of the Company's Ordinary Shares representing 13.5% of the total voting rights of the Company.
PAX LP is managed by a fellow subsidiary of the Manager.
For further information please contact:
MANAGER: Patrick Boot, Managing Partner Pacific Alliance Real Estate Limited 15/F, AIA Central 1 Connaught Road Central, Hong Kong T: (852) 2918 0088 F: (852) 2918 0881
| LEGAL COUNSEL: Jon Lewis, General Counsel PAG 15/F, AIA Central 1 Connaught Road Central, Hong Kong T: (852) 2918 0088 F: (852) 2918 0881 |
FINANCIAL ADVISER AND BROKER: Hiroshi Funaki Edmond de Rothschild Securities T: (44) 20 7845 5960
| NOMINATED ADVISER: Philip Secrett Grant Thornton UK LLP T: (44) 20 7383 5100 |
MEDIA RELATIONS: Stephanie Barry PAG T: (852) 3719 3375
|
About Pacific Alliance China Land Limited
Pacific Alliance China Land Limited ("PACL") (AIM: PACL) is a closed-end investment company admitted to trading on the AIM Market of the London Stock Exchange in November 2007. PACL is focused on investing in a portfolio of existing properties, new developments, distressed projects and real estate companies in Greater China.
For more information about PACL, please visit: www.pacl-fund.com
Pacific Alliance China Land Limited is managed by a member of PAG (formerly known as Pacific Alliance Group), the Asian alternative investment fund management group. Founded in 2002, PAG is now one of the region's largest Asia-focused alternative investment managers, with funds under management across Private Equity, Real Estate and Absolute Return strategies. PAG has a presence across Asia with over 330 staff working in the region.
For more information about PAG, please visit: www.pagasia.com
Related Shares:
PACL.L