Board Changes (7931U)
December 30 2011 - 5:00AM
UK Regulatory
TIDMPACL
RNS Number : 7931U
Pacific Alliance China Land Limited
30 December 2011
30 December 2011
Pacific Alliance China Land Limited
Board Changes
Pacific Alliance China Land Limited ("PACL" or the "Company")
(AIM: PACL), the AIM-quoted closed-end investment company focused
on investing in a portfolio of existing properties, new
developments, distressed projects and real estate companies in
Greater China, announces today the appointment of Mr. Jon-Paul
Toppino as a director of the board of directors of the Company (the
"Board"). Mr. Christopher Gradel will step down as a director of
the Board. These Board changes are effective from 31 December
2011.
Mr. Toppino is the President and Chief Investment Officer of
Secured Capital Investment Management ("SCIM"), one of the leading
real estate investment management and asset management companies in
Japan. Mr Toppino is also Head of its Property Acquisition and
Asset Management Division. Since relocating to Japan in 1998, he
has been responsible for overseeing acquisitions and the asset
management of properties in Japan, China and Vietnam and has played
an instrumental role in the acquisition by SCIM of over 1.3
trillion yen (approximately US$16 billion) of properties and loans.
He holds a BS in Economics from Florida International University
and is a Member of the Urban Land Institute (ULI).
SCIM was founded in 1997 and currently has over US$9mm in assets
under management. Since 1997, SCIM has been instrumental in
bringing innovative skills and methodologies in the underwriting
and investment in real estate or real estate backed securities and
loans to the Japanese market. In 2010, SCIM merged with the PAG
Group.
Margaret Brooke, Chairperson of the Board commented: "We are
delighted to welcome Jon-Paul Toppino as a member of the Board. He
has very specific and relevant experience and we look forward to
working together and to continue delivering attractive returns for
our investors. We would like to thank Chris Gradel for his long
service and past contributions to the Company."
For further information, please contact:
MANAGER: LEGAL COUNSEL:
Patrick Boot, Managing Partner Jon Lewis, General Counsel
Pacific Alliance Real Estate Limited PAG
15/F, AIA Central 15/F, AIA Central
1 Connaught Road 1 Connaught Road
Central, Hong Kong Central, Hong Kong
T: (852) 2918 0088 T: (852) 2918 0088
F: (852) 2918 0881 F: (852) 2918 0881
pboot@pagasia.com jlewis@pagasia.com
-------------------------------------- ----------------------------------
BROKER: NOMINATED ADVISER:
Hiroshi Funaki Philip Secrett
LCF Edmond de Rothschild Securities Grant Thornton Corporate Finance
T: (44) 20 7845 5960 T: (44) 20 7383 5100
F: (44) 20 7845 5961 Philip.J.Secrett@uk.gt.com
funds@lcfr.co.uk
-------------------------------------- ----------------------------------
MEDIA RELATIONS:
Stephanie Barry
PAG
T: (852) 3719 3375
sbarry@pagasia.com
-------------------------------------- ----------------------------------
Notes to Editors:
About Pacific Alliance China Land Limited
Pacific Alliance China Land Limited ("PACL") (AIM: PACL) is a
closed-end investment company that 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 Limited is a member of PAG (formerly
known as Pacific Alliance Group), which is one of the region's
largest Asia-focussed alternative investment managers, with funds
under management across Private Equity, Real Estate and Absolute
Returns strategies. Founded in 2002, PAG now has a presence across
Asia with over 270 staff working in the region.
For more information about PAG, please visit:
www.pagasia.com
Further information about Mr. Jon-Paul Toppino (aged 41):
Current Directorships/Partnerships Past Directorships/Partnerships
(in the last 5 years)
----------------------------------- --------------------------------
SCJ REP GP Investor Y.K Secured Capital Japan Co,
Y.K. Madison Investment Ltd
Sunshine Max Limited APL Investments Corporation
SCJ REP IV Management, LLC Y.K.
Pacific Alliance Group Holdings HOK Capital Y.K.
Limited M.A. Capital Y.K
Pacific Alliance Real Estate Tsubasa Angel Fund Y.K.
Limited DI Investments Y.K.
DI 2 Y.K.
D&S Capital Y.K.
TAF 2 Y.K.
BS 2 Y.K.
Business Support One Y.K.
Massachusetts Capital Y.K.
UDS Capital Y.K.
SGP Capital Y.K.
Platinum One YK
DW Investments Y.K.
PA Investments Co.,Ltd
MHO Capital Y.K.
AN Capital Y.K
SCJREP Cayman I, Ltd.
SCJREP Cayman II, Ltd.
SCJREP II Cayman I, Ltd.
SCJREP II Cayman II, Ltd.
SCJREP Asia Cayman I, Ltd.
SCJREP Asia Cayman II, Ltd.
SCJREP Asia Cayman B, Ltd.
SCJREP Asia Cayman CI, Ltd.
SCJREP Asia Cayman H, Ltd.
SCJREP Asia Cayman X, Ltd.
CBR Investors Cayman, Ltd.
SCJREP Cayman I, Ltd.
Dynasty Three Limited.
China Real Estate I Limited
China Real Estate II Limited
China Real Estate III Limited
China Real Estate V Limited
China Real Estate VI Limited
Beijing Blue water Property
Management Co., Ltd
Kailong REI Project Investment
Consulting (Hong Kong) Co.,
Ltd.
RS Capital Y.K.
----------------------------------- --------------------------------
The Company confirms there is no other information required to
be disclosed pursuant to Schedule 2 paragraph (g) of the AIM
Rules.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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