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2022-03-01 09:30

OOIL Included in Hang Seng Composite Index



With effect from 7th March 2022, Orient Overseas (International) Limited (HKEX.0316) ("OOIL") will be included as a constituent stock of the Hang Seng Composite Index ("HSCI"), one of the benchmark indexes of the Hong Kong Stock Exchange, following the Index Review Results announced by Hang Seng Indexes Company Limited on 18th February 2022.
 
Established in 2001, the HSCI offers a comprehensive Hong Kong market benchmark that covers about 95% of the total market capitalisation of companies listed on the Main Board. Different from the Hang Seng Index ("HSI"), the HSCI has a more comprehensive coverage of listed companies and is considered a more representative indicator of the market performance by many investors and analysts.
 
OOIL believes that being included as a constituent stock of the HSCI should broaden even further the appeal of the company’s stock to investors, including new investors. As part of the HSCI, the OOIL stock may now appeal to funds who require index inclusion for their investments, and becomes eligible for trading by qualified mainland China investors via the southbound link of the Stock Connect Scheme.
 
OOIL is pleased to have its performance and market status recognised in this way. The company will continue to build on the success of its Dual Brand Strategy, and to be a Vital Link to World Trade, through innovation, excellent customer service and strong performance, to the benefit of the group and all of its shareholders. 

< Korea Shipping Gazette >

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