VPower Group International Holdings Limited (“VPower Group”, SEHK: 1608), one of the leading gas-fired engine-based DPG station investors and operators in Southeast Asia, is pleased to announce its inclusion as a constituent stock in the following index series by the Hang Seng Indexes Company Limited, including 1) Hang Seng Composite Index (“HSCI”) and subdivision of SmallCap Index; 2) Hang Seng Stock Connect Hong Kong Index (“HSHKI”); 3) Hang Seng Stock Connect Hong Kong MidCap & SmallCap Index; and 4) Hang Seng Stock Connect Hong Kong SmallCap Index, with effect from 6 March 2017.
Mr. Rorce AU YEUNG, Co-Chief Executive Officer of VPower Group, said, “The Group is greatly honoured by being included in the Hang Seng Composite Index and Stock Connect Hong Kong Index Series shortly after our listing last November. The inclusion represents recognition by the market of our solid business performance, stock liquidity and growth potential. It is also conducive to the expansion of our shareholder base and further improvement in our stock liquidity. Looking ahead, VPower Group will continue to strengthen the core business and maintain sustainable growth so as to maximise returns to our shareholders.”
HSCI offers a comprehensive Hong Kong market benchmark that covers the top 95% of the total market capitalisation of companies listed on the Main Board of the Stock Exchange of Hong Kong. Adopting the free-float-adjusted market capitalisation methodology, the HSCI can be used as a basis for index funds, mutual funds as well as performance benchmarks.
HSHKI provides a benchmark for the performance of equities listed in Hong Kong that are eligible for trading via China’s southbound trading link of the Stock Connect Scheme. It covers equities eligible for trading via the scheme, with additional liquidity screening to make the covered equities a more investable reference set for mainland China investors.
About VPower Group International Holdings Limited (Stock code: 1608)
VPower Group is one of the world’s leading large gen-set system integration providers, and Southeast Asia’s largest private gas-fired engine-based DPG station owner and operator. The company derives operational synergies between its System Integration (SI) and Invest, Build and Operate (IBO) businesses. Under its IBO business, the company invests in, builds, and operates utility-grade DPG power stations. It is headquartered in Hong Kong and was listed on the Stock Exchange of Hong Kong in 2016.