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HONG KONG, Mar 8, 2010 - (ACN Newswire) - Metallurgical Corporation of China Ltd. ("MCC" or the "Company"; stock code: 1618) is pleased to announce that the Company has become one of the constituent stocks of both Hang Seng China Enterprises Index and Hang Seng China 50 Index effective from today.
As stated by MCC Chairman Mr. Liu Benren, "The selection of MCC as a constituent stock of Hang Seng China Enterprises Index and Hang Seng China 50 Index fully embodies the market's recognition of the Company's overall performance. The Company is pleased to learn that it has been selected as a constituent stock of Hang Seng China Enterprises Index and Hang Seng China 50 Index, and would like to extend its sincere gratitude to investors and the public for their long term support. The incorporation of the Company into Hang Seng China Enterprises Index and Hang Seng China 50 Index would help cement the Company's position in the international capital market, prop up investors' confidence in the Company, and attract more international investors. Meanwhile, the Company will fully leverage on its own resources and further enhance its market competitiveness and profitability to strive for better returns for its investors."
Hang Seng China Enterprises Index and Hang Seng China 50 Index are compiled and published by HSI Services Limited. Hang Seng China Enterprises Index tracks the performance of all state-owned enterprises listed on the Stock Exchange of Hong Kong. Only H shares that are of the largest market capitalization and that have become constituent stocks of Hang Seng Composite Index will be selected as constituents of Hang Seng China Enterprises Index. The Hang Seng China 50 Index measures the overall performance of the 50 largest China companies listed on Hong Kong and / or mainland China stock exchanges. It is a cross-market, multi-share class index which has a broad coverage that includes Mainland-listed A and B shares, Hong Kong-listed H shares, Red Chips and other Mainland companies. Enterprises that are selected as a constituent stock of Hang Seng China Enterprises Index and Hang Seng China 50 Index will not only enjoy enhanced investor awareness and an enlarged investor basis, but will also attract more index funds and other issuers of "index-based investment products", which in turn boost liquidity in the Company"s shares. The selection of MCC as a constituent of the indexes reflects the outstanding performance of the Company and its sound financial background, which are widely recognized among investors in Hong Kong and overseas alike.
Contact:
Wonderful Sky Financial Group Company Limited
Cherry Qiu / Daisy Sun / Betty Li
Ext:(852) 3970 2185 / 3970 2183 / 3970 2126
Tel:(852) 2851 1038
Fax:(852) 2815 1352/
Email:cherryqiu@wsfg.hk / daisysun@wsfg.hk / bettyli@wsfg.hk
Topic: General Announcement
Source: Metallurgical Corporation of China Ltd.
Sectors: Daily Finance, Real Estate & REIT, Daily News
http://www.acnnewswire.com
From the Asia Corporate News Network
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