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Pacific Alliance China Land

07:52 on 23/11/2017

Current Price $2.38 | Bid $2.28 | Ask $2.45 | Change 0.00%

Company Overview

Pacific Alliance China Land Limited is a newly incorporated, closed-ended Cayman Islands registered, exempted company established to invest in a portfolio of investments in existing properties and new developments in Greater China. The Company will appoint Pacific Alliance Real Estate Limited ('PARE' or the 'Investment Manager') as its investment manager. PARE was established on 25 July 2007 and has recruited a team of property professionals who have significant investment experience within the property market in Asia and an extensive local network of business contacts. The Company will be able to leverage the local knowledge and experience of the Pacific Alliance group network of companies (the 'Pacific Alliance Group'). The Pacific Alliance Group includes Pacific Alliance Investment Management Limited, the investment manager of Pacific Alliance Asia Opportunity Fund Limited ('PAX'), ARC Capital Partners Limited, the investment manager for ARC Capital Holdings Limited ('ARCH') and VinaCapital Investment Management Ltd, which manages Vietnam Opportunity Fund Limited ('VOF'), VinaLand Limited ('VNL') and Vietnam Infrastructure Limited ('VNI'). Each of PAX, ARCH, VOF, VNL and VNI is traded on the AIM market of the London Stock Exchange. The Pacific Alliance Group also includes Pacific Alliance Asia Opportunity Fund L.P. and DFJ VinaCapital L.P. both of which are unlisted limited partnership investment vehicles. As at 1 November 2007, the Pacific Alliance Group collectively had over $3.5 billion in assets under management and employs over 180 professionals in offices in Hong Kong, Shanghai, Beijing, Hangzhou, Ho Chi Minh City and Hanoi. The Company intends to invest and hold equity interests in a portfolio of property assets in the residential, office, retail, hotel and industrial sectors. This will be comprised of strategic investments in pre-IPO companies, co-investments in new developments with strategic partners and opportunistic acquisitions of distressed assets which may be either substantially complete or completed assets requiring a major lease-up or repositioning. The Company intends to invest approximately 85 per cent. of gross asset value in China's first, second and third tier cities. Approximately 15 per cent. of gross asset value may be invested in Hong Kong, Macau and Taiwan should the directors of the Company (the 'Directors') and the Investment Manager consider that such investment offer potentially attractive returns. The Directors and Investment Manager believe that because of government investment in infrastructure and relatively low real estate prices in second and third tier cities, such cities may demonstrate significant price appreciation and it is therefore expected that investments in second and third tier cities will form the majority of the portfolio. The Company expects individual investments will range from $30 million to $60 million although initial investments may be smaller if the Company anticipates follow-on investments may be required. No single investment will exceed 20 per cent. of gross asset value at the time of investment.

Stock Details

EPIC PACL
ISIN KYG6846Y1035
Shares in Issue 103,790,981
Market cap $ 1.95m
Sector Real Estate Investment & Services
Indices FTSE AIM All-Share Index

Key Personnel

Margaret Eileen Brooke Chairman

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Price Summary

Mid Price ? $2.36
Bid Price ? $2.28
Ask Price ? $2.45
Volume ? 0
Change Today $0.00
% Change Today 0.00%
Open $0.00
Previous Close $2.36
Intraday High $0.00
Intraday Low $0.00
52 Week High $2.11
52 Week Low $1.67

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