Vinda International Becomes Constituent of Hang Seng Composite Index and Hang Seng Stock Connect Greater Bay Area Index
(9 Mar 2020 – Hong Kong) Vinda International Holdings Limited (“Vinda International”, stock code: 3331), is pleased to announce that the Group has been included inHang Seng Composite IndexandHang Seng Stock Connect Greater Bay Area Indexwith effect from 9 March 2020. All eligible mainland Chinese investors will be able to trade the shares of Vinda International through the Shanghai-Hong Kong Stock Connect (“Shanghai Connect”) scheme.
The inclusion of Vinda in the two important indices reflects the investors’ high recognition of the standard of market capitalization, trading volume and stock liquidity of the company. It also bears testimony to the mainland China and Hong Kong capital markets’ trust and recognition of the Group. This will help the Group attract more mainland investors, thus broadening its investor base and improving the company's valuation and stock liquidity. According to the regulations governing the Shanghai Connect scheme, the constituent stocks which are included in the Hang Seng Composite Index are also stocks eligible for southbound trading under the Stock Connect schemes. Therefore, all eligible mainland Chinese investors will be able to trade the shares of Vinda International through the Shanghai Connect scheme, starting today.
Mr. Li Chao Wang, Chairman of the Groupsaid, “We are honored to be included in the Hang Seng Composite Index and the Hang Seng Stock Connect Greater Bay Area Index. The Guangdong-Hong Kong-Macao Greater Bay Area is regarded as a national key strategic development area. Now that the Group has been included in the indices, which will attract more investor’s attention. This can lead to higher awareness of the Group and increase the trading volume of the shares. As a leading company in China’s consumer industry, the Group has become increasingly popular among investors due to its sound corporate governance, excellent performance, outstanding brand image and its influence in society. Vinda International will continue to optimize its product portfolio with emphasis on high-end products and control costs effectively. It will also continue to pursue sustainable development of both the environment and society and good corporate governance, thereby enhancing its overall competitive advantage and business performance, consolidating its position as a leading hygiene product company in Asia and maximizing returns to the shareholders.”
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About Vinda International Holdings Limited
Vinda International is a leading hygiene product company in Asia. Founded in 1985, the Group is always committed to the philosophy of “Healthy Lifestyle Starts with Vinda” and strives to provide high-quality hygiene products and services for families. Vinda International has established ten advanced production bases in mainland China and has two major production bases in Malaysia, one production base in Taiwan and one post-processing factory in Australia. Vinda runs four core business segments, namely tissue, incontinence care, feminine care and baby care under key brands such as Vinda, Tempo, Tork, TENA, Dr.P, Libresse, Libero and Drypers.
Hang Seng Composite Index
The Hang Seng Composite Index is the benchmark index of the Hong Kong stock market, accounting for 95% of the total market capitalization of companies listed on the Main Board of the Hong Kong Stock Exchange. Companies that are screened in for inclusion in the index have to meet the stringent requirements for their float. The Hang Seng Composite Index constituents are truly representative of the companies listed on Hong Kong’s stock market and the index serves a comprehensive indicator of Hong Kong’s stock market. Currently, there are 476 constituent companies in the index.
Hang Seng Stock Connect Greater Bay Area Index
The Hang Seng Stock Connect Greater Bay Area Index Series comprises one composite index and five categories of indexes. It has been regarded as an important benchmark in reflecting the performance of Hong Kong-listed and mainland China-listed companies that operate in the Guangdong-Hong Kong-Macao Greater Bay Area. The index consists of 250 constituent companies. The index includes Hong Kong-listed stocks and mainland China-listed A-shares that mainly operate in the Greater Bay Area and are eligible for the Stock Connect schemes.