Board Changes
(Thomson Reuters ONE) -
21 April 2010
Pacific Alliance China Land Limited
('PACL' or the 'Company')
Board Changes
The Board of Directors ("the Board") of Pacific Alliance China Land Limited
("the Company" or "PACL"), the AIM-quoted closed-end investment company focused
on investing in a portfolio of existing properties, new developments, distressed
projects and real estate companies in Greater China, announces today the
rotation of the role of Chairperson of the Board from Horst F. Geicke to
Margaret Brooke, a current independent, non-executive Director. Mr. Geicke
shall remain a non-executive Director of the Company. The Company also
announces the retirement of Mr. Kennedy Ying Ho Wong from the Board. These
board changes are effective from 20 April 2010.
Mrs. Brooke has served as a Director of the Company since October 2007. She is
an experienced property professional who has worked in the Asia Pacific region
for over 20 years. Mrs. Brooke is the chief executive officer of Professional
Property Services Limited which provides strategic development and investment
advice, land use planning strategies, feasibility studies and appraisal services
mainly in Hong Kong and China, but also across the Asia Pacific region.
Mr. Wong has served as a non-executive Director of the Company since October
2007. He has extensive operating and investing experience in Greater China and a
broad network of Government and business relationships. He is currently managing
partner of a law firm, Messrs. Philip K. H. Wong & Co and is a director of
several regional companies, and he leaves PACL to focus on these activities.
Margaret Brooke, Chairperson of the Board commented: 'I would like to thank
Kennedy for his significant contribution to the Company. On behalf of my fellow
Directors, I wish Kennedy all the best with his future endeavours."
Enquiries:
For more information, please contact:
MANAGER: LEGAL COUNSEL:
Patrick Boot, Managing Director Jon Lewis, General Counsel
Pacific Alliance Real Estate Limited c/o Pacific Alliance Group
16/F, St. John's Building 16/F St. John's Building
33 Garden Road 33 Garden Road Central,
Central, Hong Kong Hong Kong
T: (86) 21 6288 3788 T: (852) 2918 0088
F: (86) 21 6288 9272 F: (852) 2918 0881
pboot(at)pacific-alliance.com.cn jlewis(at)pacific-alliance.com
BROKER: NOMINATED ADVISER:
Hiroshi Funaki Philip Secrett
LCF Edmond de Rothschild Securities Grant Thornton Corporate Finance
T: (44) 20 7845 5960 T: (44) 20 7383 5100
F: (44) 20 7845 5961 Philip.J.Secrett(at)gtuk.com
funds(at)lcfr.co.uk
MEDIA RELATIONS:
Sophie Hoggarth
Pacific Alliance Group
T: (86) 21 6113 5818
shoggarth(at)pacific-alliance.com
Andrew Walton
Financial Dynamics, London
T: (44) 20 7269 7100
Christine Wood / Queenie Tsao
Financial Dynamics, Asia
T: (852) 3716 9800
Notes to Editors:
Pacific Alliance China Land Limited ("PACL") (AIM: PACL) is a closed-end
investment company with net assets of US$201.3 million at 31 March 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 Limited is a member of Pacific Alliance Group, the
Asian alternative investment fund management group founded in 2002. Pacific
Alliance Group and its affiliates manage assets in excess of US$4 billion across
three strategies covering private equity; real estate; and absolute return and
distressed. The Group has offices in Shanghai, Beijing, Hong Kong and Tokyo.
For more information about Pacific Alliance, please visit:
www.pacific-alliance.com
[HUG#1406494]
Datum: 21.04.2010 - 16:01 Uhr
Sprache: Deutsch
News-ID 19440
Anzahl Zeichen: 0
contact information:
Town:
London
Kategorie:
Business News
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Die Pressemitteilung mit dem Titel:
"Board Changes"
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Pacific Alliance China Land Limited (Nachricht senden)
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