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| Tuesday, 24 February 2015, 12:00 HKT/SGT | |
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Source: Tongda Group | |
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HONG KONG, Feb 24, 2015 - (ACN Newswire) - Tongda Group Holdings Limited ("Tongda Group") (Stock Code: 698) has announced its inclusion as a constituent stock in the Hang Seng Composite SmallCap Index and Hang Seng Broad Consumption Index by the Hang Seng Indexes Company Limited, with effect from 9 March 2015 (Monday).
Mr. Wang Ya Nan, Chairman and CEO of Tongda Group, said, "Qualified constituents of the Hang Seng Composite Index are selected based on the market capitalisation and turnover velocity of listed companies. Selection as a constituent stock in both of the Hang Seng Composite SmallCap Index and Hang Seng Broad Consumption Index represents market recognition of Tongda Group's financial performance and development prospects. We believe the inclusion in the above mentioned indices could enhance Tongda Group's reputation and position in capital markets. Tongda Group is fully committed to becoming a leading supplier of high-precision components used in consumer electronic products while creating satisfactory returns to shareholders and investors."
The Hang Seng Composite Index offers a comprehensive Hong Kong market benchmark that covers about 95% of the total market capitalisation of companies listed on the Main Board of the Stock Exchange of Hong Kong. Adopting the freefloat-adjusted market capitalisation methodology, the HSCI can be used as a basis for index funds and mutual funds as well as in performance benchmarks.
To review (Index Review Results for Benchmark and Thematic Indexes), please visit: www.hsi.com.hk/HSI-Net/static/revamp/contents/en/news/indexChgNotice/20150213e.xls
Contact:
Strategic Financial Relations Limited
Vicky Lee Tel: 2864 4834 Email: vicky.lee@sprg.com.hk
Angela Ng Tel: 2864 4855 Email: angela.ng@sprg.com.hk
Kylie Chan Tel: 2864 4990 Email: kylie.chan@sprg.com.hk
Fax: 2527 1196
Website: www.sprg.com.hk
Topic: Press release summary
Source: Tongda Group
Sectors: Daily Finance, Daily News
http://www.acnnewswire.com
From the Asia Corporate News Network
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