30 May 2013 11:03
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: Patrick Boot, Managing Partner Pacific Alliance Real Estate Limited 15/F, AIA Central 1 Connaught Road Central, Hong Kong T: (852) 2918 0088 F: (852) 2918 0881 pboot@pagasia.com
| LEGAL COUNSEL: Jon Lewis, General Counsel PAG 15/F, AIA Central 1 Connaught Road Central, Hong Kong T: (852) 2918 0088 F: (852) 2918 0881 jlewis@pagasia.com |
BROKER: Hiroshi Funaki LCF Edmond de Rothschild Securities T: (44) 20 7845 5960 F: (44) 20 7845 5961 funds@lcfr.co.uk
| NOMINATED ADVISER: Philip Secrett Grant Thornton Corporate Finance T: (44) 20 7383 5100 Philip.J.Secrett@uk.gt.com |
MEDIA RELATIONS: Stephanie Barry PAG T: (852) 3719 3375 sbarry@pagasia.com
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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