Pacific Alliance China Land Limited Share Dealings (8905P)

TIDMPACL

RNS Number : 8905P

Pacific Alliance China Land Limited

08 October 2013

8 October 2013

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 that on 4 October 2013, pursuant to the Company's Share Purchase Policy, PACL Trading Limited, a wholly-owned subsidiary of the Company, purchased a total of 1,540,832 Ordinary Shares of US$0.01 each at an average price of US$1.6948 per share.

Following this transaction, PACL Trading Limited holds a total of 60,045,945 held to replicate treasury shares, which represents 31.63 percent 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 129,787,948.

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 
  Edmond de Rothschild Securities    Grant Thornton UK LLP 
  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$312.59 millionas at 31 August 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 Pacific Alliance China Land Limited, 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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