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Press release
Aug 23, 2016 09:21 JST
Ronshine China Holdings Ltd (HK:3301) becomes a Constituent Stock of Hang Seng Composite Small Cap Indexes, Subsequent to being a Constituent Stock of the MSCI Global Small Cap Indexes - China
HONG KONG, Aug 23, 2016 - (ACN Newswire) - A leading property developer in the PRC, Ronshine China Holdings Limited ("Ronshine")(Stock code: 3301.HK) will become a constituent stock of Hang Seng Composite Small Cap Index ("Hang Seng Composite Index") with effective on 5 September 2016 after the trading hours of Hong Kong Stock Exchange ("HKEx"), subsequent to being included by Morgan Stanley Capital International ("MSCI") as a constituent of the MSCI Global Small Cap Indexes - China on 31 May 2016.
The consecutive inclusion by MSCI and Hang Seng Composite Index has fully demonstrated the great confidence of institutional investors in Ronshine as the leading property developer. Looking forward, in view of our experience on property development and proven track record period, coupled with our strategic development plan in Shanghai and Hangzhou, Ronshine is dedicated to grasp the opportunities in the PRC real estate market, of which residential properties have a rigid demand of home upgrades, so as to propel the Group's long-term steady growth, and eventually maximize shareholders' return.
About Hang Seng Indexes Company Limited
Hang Seng Indexes Company Limited (Hang Seng Indexes), a wholly -owned subsidiary of Hang Seng Bank, was established in 1984 and is Hong Kong's leading index compiler covering Hong Kong and mainland China markets. Hang Seng Indexes calculates and manages the Hang Seng Family of Indexes. Starting in 1969 with the creation of the Hang Seng Index, now widely recognised as the barometer of the Hong Kong stock market, Hang Seng Indexes has been at the forefront of the market, developing numerous market measures to help investors make their investment decisions.
Indexes in the Hang Seng Family of Indexes are grouped into five categories - Flagship Indexes, Benchmark Indexes, Thematic Indexes, Strategy Indexes and Bond Indexes - then classified as Hong Kong-listed, Cross-market or Mainland-listed according to where their constituents are listed.
About Ronshine China Holdings Limited
Ronshine China Holdings Limited is a leading property developer in the PRC's Western Taiwan Straits Economic Zone, focusing on the development of residential properties in cities in the Western Taiwan Straits Economic Zone and selected first- and second-tier cities. The Group targets middle to upper-middle income households with a demand for home upgrades. The Group is dedicated to provide a comfortable living environment for residents. The Group has a diversified source of income with the development of not only residential properties, but also commercial properties, including office buildings, retail shops and hotels, etc.
Sectors: Daily Finance, Daily News
Copyright ©2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
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