13th Feb 2015 13:39
13 February 2015
Pacific Alliance China Land Limited
Update: Mandatory Share Repurchase
Pacific Alliance China Fund Limited ("PACL" or the "Company") (AIM: PACL), the closed-end investment company admitted to trading on AIM, today announces that further to its announcement of 11 February 2015 regarding the distribution of US$25 million to shareholders by way of a mandatory share repurchase, the Company has repurchased and cancelled 9,615,382 (approximately 8.47 per cent) of the Company's ordinary shares leaving a total of 103,887,384 ordinary shares issued and outstanding.
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, Group 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 300 staff working in the region.
For more information about PAG, please visit: www.pagasia.com
Related Shares:
PACL.L