24 Apr 2012 09:52
24 April 2012
Pacific Alliance China Land Limited (the "Company")
Clarification on PACL NAV to 31 December 2012
PACL is aware that the Fund's NAV to 31 December has been incorrectly reported in a small number of media reports as a decrease on the same period last year, rather than a 21% increase on 2011.
Please be that advised PACL's net asset value as at 31 December 2011 was US$295 million, representing US$2.11 per share, a 21% increase from 31 December 2010 (US$242 million, representing US$1.75 per share) - as reported in the Fund's Annual Results Announcement on 3 April 2012.