Pacific Alliance China Land Limited Replacement

TIDMPACL

RNS Number : 8947F

Pacific Alliance China Land Limited

30 May 2013

This announcement replaces RNS 8821F released on the 30 May 2013 at 08:15. The amendment is to change the number of Ordinary Shares purchased by PACL Trading Limited, from 3,701,029 to 1,282,307. The total number of shares held by PACL Trading Limited and the Company have also subsequently been corrected. All other information remains unchanged.

30 May 2013

Pacific Alliance China Land Limited

Correction: 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 that on 28 May 2013, pursuant to the Company's Share Purchase Policy, PACL Trading Limited, a wholly-owned subsidiary of the Company, purchased a total of 1,282,307 Ordinary Shares of US$0.01 each at an average price of US$1.69 per share.

Following this transaction, PACL Trading Limited holds a total of 59,035,627 Ordinary Shares held to replicate a treasury facility, which represents 31.10 per cent. of the Company's 189,833,893 Ordinary Shares in issue and as a result, total voting rights in the Company have been reduced to 130,798,266.

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$302.94 millionas at 30 April 2013. 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 320 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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