TIDMPACL 
 
15 January 2010 
 
                      Pacific Alliance China Land Limited 
 
 
                             Result of Tender Offer 
 
 
 
Pacific  Alliance China Land  Limited ("PACL" or  the "Company"), the closed-end 
investment  company admitted  to trading  on AIM  and focused  on investing in a 
portfolio  of investments  in existing  properties, new developments, distressed 
projects  and  real  estate  companies  in  Greater China, today announces today 
announces the result of its tender offer that was announced on 15 December 2009 
("Tender Offer"). 
 
 
 
The  Tender  Offer  closed  on  Thursday  14 January  2010 and  6,970,762 of the 
Company's  ordinary shares, representing 4.6 per cent. of the Company's ordinary 
shares  in issue  (and able  to be  tendered under  the Tender Offer), have been 
tendered  for repurchase by the  Company's wholly-owned subsidiary, PACL Trading 
Limited,  at a price of $1.12 per share. Settlement is expected to take place on 
22 January 2010. 
 
 
 
Following  the repurchase, the Company will have a total of 189,833,893 ordinary 
shares  in  issue,  of  which  44,962,611 are  held  to  effectively replicate a 
treasury share facility by PACL Trading Limited. 
 
 
 
 
 
Background 
 
 
 
At  its launch in November 2007, the Company's admission document indicated that 
PACL  would provide a regular level of income in the form of a dividend up to an 
annual  yield of  6 per cent  of Net  Asset Value.  At an  extraordinary general 
meeting  held on 2 March 2009 (the "2009  EGM"), a special resolution was passed 
authorising  the Company to  increase this annual  yield to 12 per  cent. of Net 
Asset Value. 
 
 
After consultation with the Company's major shareholders following the 2009 EGM, 
the  board of  directors of  the Company  and the  Company's investment manager, 
Pacific  Alliance  Real  Estate  Limited,  concluded  that  it would be more tax 
efficient,  and  therefore  in  the  best  interests  of  the shareholders, that 
distributions be made by way of a tender offer instead of a dividend. 
 
 
 
The  shareholdings  of  existing  significant  and  substantial shareholders, as 
defined  by the AIM Rules,  may change following the  repurchase of the ordinary 
shares.  The Company  will issue  a notification  at a  later date if it becomes 
aware  of  any  relevant  change  in  such  shareholdings that is required to be 
notified in accordance with Rule 17 of the AIM Rules. 
 
 
For further information please contact: 
 
 
 
 
                                         LEGAL COUNSEL: 
  MANAGER: 
 
 
                                         Jon Lewis, General Counsel 
  Chris Gradel, Managing  Partner 
                                         Pacific Alliance Group 
  Pacific Alliance  Group 
                                         16/F  St. John's Building 
  16/F,  St. John's  Building 
                                         33 Garden Road 
  33 Garden Road 
                                         Central,  Hong Kong 
  Central,  Hong Kong 
                                         Tel: (852) 29180088 
  Tel: (852) 29180088 
                                         Fax: (852) 29180881 
  Fax: (852) 29180881 
                                         jlewis@pacific-alliance.com 
  cgradel@pacific-alliance.com 
 
 
 
 
  BROKER:                                NOMINATED ADVISER: 
 
 
 
  Hiroshi Funaki                         Philip Secrett 
 
  LCF Edmond de Rothschild Securities    Grant Thornton  Corporate Finance 
 
  Tel: (44) 20 7845 5960                 Tel: (44) 20 7383 5100 
 
  Fax: (44) 20 7845 5961                 Philip.J.Secrett@gtuk.com 
 
  funds@lcfr.co.uk 
 
 
 
  MEDIA RELATIONS: 
 
 
 
  Sophie Hoggarth 
 
  Pacific Alliance Group 
 
  Tel: (86) 21 61135818 
 
  shoggarth@pacific-alliance.com 
 
 
 
  Financial Dynamics,  London 
 
  Andrew Walton 
 
  Tel: (44) 207 269 7217 
 
 
 
  Financial Dynamics,  Asia 
 
  Alastair Hetherington/Christine Wood 
 
  Tel: (852) 3716 9800 
 
 
 
 
Notes to Editors: 
 
 
 
Pacific  Alliance  China  Land  Limited  (AIM:  PACL) is a closed-end investment 
company  with  net  assets  of  USD  207.2 million at 31 December 2009. PACL was 
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  is a member  of Pacific Alliance  Group, the Asian 
alternative investment fund management group. 
 
 
 
 
[HUG#1373878]
Pacific Alliance China L... (LSE:PACL)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Pacific Alliance China L... Charts.
Pacific Alliance China L... (LSE:PACL)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Pacific Alliance China L... Charts.