Pacific Alliance China Land Limited Share Dealings (9330H)

TIDMPACL

RNS Number : 9330H

Pacific Alliance China Land Limited

18 July 2012

Pacific Alliance China Land Limited

Share Dealings

Pacific Alliance China Land Limited ("PACL" or the "Company") (AIM: PACL) the closed-end investment company admitted to trading on AIM, today announces the following share dealings.

As part of the Tender Offer closed on Tuesday, 10 July 2012, Mr. Horst Geicke, director of the Company, tendered 63,370 Ordinary Shares as his Basic Entitlement (as defined in the Tender Offer Circular dated 8 June 2012) were accepted for repurchase by the Company's wholly-owned subsidiary, PACL Trading Limited, at the tender price of US$2.11 per share.

Pacific Alliance Real Estate Limited ("PARE"), the Company's investment manager and its affiliates tendered a total of 2,211,342 ordinary shares, of which 85,357 ordinary shares were tendered as its Basic Entitlement and 2,125,985 ordinary shares were tendered as Excess Shares (as defined in the Tender Offer Circular dated 8 June 2012) and a total of 108,658 ordinary shares were accepted for repurchase by the Company's wholly-owned subsidiary, PACL Trading Limited, at the tender price of US$2.11 per share.

As a result of the transaction, Mr. Geicke is directly interested in 1,578,345 of the Company's ordinary shares representing 1.17 per cent. of the Company's total voting rights, and he will have an indirect interest and in 2,102,684 of the Company's Ordinary Shares, representing 1.56 per cent. of the Company's total voting rights held by PARE and its affiliates.

In addition, as a result of PARE's participation in the Tender Offer, Mr. Jon-Paul Toppino, a director of the Company, and director, President & Chief Investment Officerof PARE is indirectly interested in 2,102,684 of the Company's Ordinary Shares, representing 1.56 per cent. of the Company's total voting rights held by PARE and its affiliates.

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 
                                        ----------------------------------

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

END

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