28 Jan 2011 13:30
28 January 2011
Pacific Alliance China Land Limited
Share Dealings
Pacific Alliance China Land Limited (the "Company") announces the following dealings in the Company.
The Company has been informed that on 28 January 2011, Pacific Alliance Real Estate Limited, the Company's investment manager and its affiliates transferred a total of 38,485 of the Company's ordinary shares, $0.01 each ("Ordinary Shares") to its staff.
As a result of the transfer of Ordinary Shares, Mr. Chris Gradel and Mr. Horst F. Geicke, directors of the Company, have an indirect interest in 1,323,065 of the Company's Ordinary Shares held by Pacific Alliance Real Estate Limited and its affiliates representing 0.96% of the Company's total voting rights.
For more information please contact:
MANAGER:
Chris Gradel, Managing Partner Pacific Alliance Group 16/F St. John's Building 33 Garden Road Central, Hong Kong Tel: +852 29180088 Fax: +852 29180881 cgradel@pacific-alliance.com
| LEGAL COUNSEL:
Jon Lewis, Group General Counsel Pacific Alliance Group 16/F St. John's Building 33 Garden Road Central, Hong Kong Tel: +852 29180088 Fax: +852 29180881 jlewis@pacific-alliance.com
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BROKER:
Hiroshi Funaki LCF Edmond de Rothschild Securities Tel: +44 20 7845 5960 Fax: +44 20 7845 5961 funds@lcfr.co.uk
| NOMINATED ADVISER:
Philip Secrett Grant Thornton Corporate Finance Tel: +44 20 7383 5100 Philip.J.Secrett@uk.gt.com
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| MEDIA RELATIONS:
Stephanie Barry Pacific Alliance Group Tel: (852) 3719 3375 sbarry@pacific-alliance.com
Financial Dynamics, London Andrew Walton Tel: (44) 207 269 7217
Financial Dynamics, Asia Alastair Hetherington/Christine Wood Tel: (852) 3716 9800 |
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Notes to Editors:
Pacific Alliance China Land Limited (AIM: PACL) is a closed-end investment company with net assets of US$242 million at 31 December 2010. 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 is a member of Pacific Alliance Group, the Asian alternative investment fund management group.