Pacific Alliance China Land Limited Result of Tender Offer

TIDMPACL

RNS Number : 6217H

Pacific Alliance China Land Limited

13 July 2012

Pacific Alliance China Land Limited

Result of Tender Offer - Additional Information

Pacific Alliance China Land Limited ("PACL" or the "Company") (AIM: PACL) the closed-end investment company admitted to trading on AIM, announces and clarifies that a total of 98,534,374 of the Company's ordinary shares were tendered in the Tender Offer that closed on Tuesday, 10 July 2012, of which 4,367,154 ordinary shares were tendered as part of the Basic Entitlement (as defined in the Tender Offer Circular dated 8 June 2012) and 94,167,220 ordinary shares were tendered as Excess Shares (as defined in the Tender Offer Circular dated 8 June 2012).

A total of 1,032,087 Excess Shares were accepted pro rata from all shareholders that tendered Excess Shares. As a result of the transaction, a total of 5,399,241 ordinary shares tendered were accepted for repurchase by the Company's wholly-owned subsidiary, PACL Trading Limited, at a tender price of US$2.11 per share, representing approximately 3.86 per cent. of the Company's ordinary shares in issue and eligible for tender.

For further information, please contact:

 
 MANAGER:                    LEGAL COUNSEL: 
  Patrick Boot, Managing      Jon Lewis, General Counsel 
  Partner                     PAG 
  Pacific Alliance Real       15/F, AIA Central 
  Estate Limited              1 Connaught Road 
  15/F, AIA Central           Central, Hong Kong 
  1 Connaught Road            T: (852) 2918 0088 
  Central, Hong Kong          F: (852) 2918 0881 
  T: (852) 2918 0088          jlewis@pagasia.com 
  F: (852) 2918 0881 
  pboot@pagasia.com 
--------------------------  ---------------------------- 
 BROKER:                     NOMINATED ADVISER: 
  Hiroshi Funaki              Philip Secrett 
  LCF Edmond de Rothschild    Grant Thornton Corporate 
  Securities                  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 
--------------------------  ----------------------------

About Pacific Alliance China Land Limited

Pacific Alliance China Land Limited ("PACL") (AIM: PACL) is a closed-end investment company with net assets of US$293.8 million as at 31 May 2012. 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 Limited is 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 290 staff working in the region.

For more information about PAG, please visit: www.pagasia.com

This information is provided by RNS

The company news service from the London Stock Exchange

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