Mar 14, 2011
China Minzhong Added to FTSE ST China Top Index
- Another step towards creating more shareholder value through increased investors' interests and enhanced shares liquidity going forward
China Minzhong Food Corporation Limited ("China Minzhong" or the "Company") (SGX: K2N.SI), is pleased to announce that the Company has been added to the FTSE ST China Top Index during the latest FTSE ST Semi-Annual Review in March 2011. The new changes will take effect when trading starts on 21 March 2011.
Jointly created by FTSE, Singapore Exchange (SGX) and Singapore Press Holdings (SPH), the FTSE ST China Top Index features the top 20 companies by market capitalization listed on the SGX which have either at least 30% of Chinese ownership or derive at least 50% of its revenue from Mainland China. Shortlisted stocks also have to satisfy certain liquidity and free-float criteria to ensure the tradability of the index.
Commenting on the achievement, Chief Executive Officer and Executive Director of China Minzhong, Mr Lin Guo Rong said, "We are pleased to be included as part of this established index within just one year of our listing. This achievement will be another step towards creating more shareholder value as being part of this benchmark index is likely to increase investors? interests in our company and enhance our shares liquidity going forward."