Pacific Alliance China Land Limited Update: Mandatory Share Repurchase (8946E)

TIDMPACL

RNS Number : 8946E

Pacific Alliance China Land Limited

13 February 2015

Pacific Alliance China Land Limited

Update: Mandatory Share Repurchase

Pacific Alliance China Fund Limited ("PACL" or the "Company") (AIM: PACL), the closed-end investment company admitted to trading on AIM, today announces that further to its announcement of 11 February 2015 regarding the distribution of US$25 million to shareholders by way of a mandatory share repurchase, the Company has repurchased and cancelled 9,615,382 (approximately 8.47 per cent) of the Company's ordinary shares leaving a total of 103,887,384 ordinary shares issued and outstanding.

For further information please contact:

 
 MANAGER:                           LEGAL COUNSEL: 
  Patrick Boot, Managing             Jon Lewis, Group General 
  Partner                            Counsel 
  Pacific Alliance Real              PAG 
  Estate Limited                     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                 jlewis@pagasia.com 
  pboot@pagasia.com 
---------------------------------  ---------------------------- 
 FINANCIAL ADVISER AND              NOMINATED ADVISER: 
  BROKER:                            Philip Secrett 
  Hiroshi Funaki                     Grant Thornton UK LLP 
  Edmond de Rothschild Securities    T: (44) 20 7383 5100 
  T: (44) 20 7845 5960               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 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 managed by 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 300 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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