HONG KONG, Nov. 23, 2014 /PRNewswire/ -- Cogobuy
Group ("Cogobuy" or the "Company", stock
code:400.HK), a leading e-commerce company with the largest
transaction-based e-commerce platform for IC and other electronic
components in China, is pleased to
announce that the Company has been adopted recently as a
constituent of the MSCI Global Small Cap Indexes - China
Index, effective from the market close on 25
November 2014.
Morgan Stanley Capital International ("MSCI") is a leading
provider of global equity indices and benchmark related products
and services to investors worldwide. MSCI indices have become the
most widely used international equity benchmarks by institutional
investors. The MSCI Global Small Cap Indexes - China Index aims to
measure the performance of the small cap equities in the
China market, covering companies
with good operational results and potential. In the semi-annual
index review, 48 listed companies including Cogobuy Group have been
adopted as constituents of the MSCI Global Small Cap Indexes -
China Index.
Mr. Jeffrey KANG, Executive Director, Chairman and Chief
Executive Officer of Cogobuy Group, said, "We are honored to
become a constituent of the MSCI Global Small Cap Indexes. It
reflects a full recognition from the capital market on the
Company's performance and business prospects. It is a great
encouragement to us and attributable to the Company's clear and
unique business development strategy as well as our steady growth
in business, among which our INGDAN.com (Hardeggs platform) has
been getting more attention and recognition from the market as well
as support from entrepreneurs and investors. They have full
confidence on the Company's future development."
Mr. Kang emphasized, "We will continue to play a key role
in the rapidly growing vertical market of the electronic
manufacturing industry. We will spare no effort to work towards the
100 billion-size GMV goal and developing INGDAN.com to be a global
platform for Internet of Things."
About MSCI Equity Indexes and MSCI Global Small Cap
Indexes - China Index
The MSCI (Morgan Stanley Capital International) Equity Indexes
are indicators available for reference for global investment
compiled by Morgan Stanley Capital International Inc. (NYSE: MSCI).
The indexes cover global equities across different industries,
countries and regions. They are widely adopted and taken as
reference by investors in Europe
and the US and boast strong indicative influence in investment
decision-making in the global equity markets. Among these indexes,
the MSCI Global Small Cap Indexes - China Index comprises a series
of national indexes, composite indexes, domestic and overseas
indexes and is under the MSCI Global Small Cap Indexes. It aims to
measure the performance of the small cap equities in the
China market.
About Cogobuy Group
Cogobuy Group ("Cogobuy" or the "Company", stock code: 400.HK)
is a leading e-commerce company with the largest transaction-based
e-commerce platform for IC and other electronic components in
China, as measured by GMV in 2013.
Cogobuy is dedicated to serving the electronics manufacturing
industry in China covering
blue-chip customers and SMEs, which is a potentially lucrative and
fast-growing segment of the market with a significant demand for
the Company's services. In 2013, the Company fulfilled orders with
a GMV of approximately RMB3.9
billion. From 2011 through 2013, the Company sold products
primarily through its direct sales platform, which accounted for
substantially all of its revenues since its inception. It also
generates revenues by charging commission fees to third-party
merchants who sell products and services through its marketplace
platform. The Company is also devoted to promoting idea and
knowledge exchanges among electronics designers and engineers in
China through new media marketing
events, such as product launches and technology discussion forums
in social media platforms such as Weibo and TechWeb. The Company
also launched an interactive and engaging online community called
"INGDAN.com ('Hardeggs' WeChat community)".
For investor enquiries, please contact Ms. Wanyee HO / Ms. Amy
GUO at ir@cogobuy.com.
Issued by Porda Havas International Finance Communications Group
for and on behalf of Cogobuy Group. For further information, please
contact:
Porda Havas
International Finance Communications Group
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Mr. Paul
Sham
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+852 3150 6730
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paul.sham@pordahavas.com
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Ms. Camille
Xiong
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+852 3150 6799
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camille.xiong@pordahavas.com
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Ms. Karen
Li
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+852 3150 6713
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karen.li@pordahavas.com
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Ms. Ivy
Lu
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+852 3150 6778
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ivy.lu@pordahavas.com
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Ms. Jessica
Li
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+852 3150 6702
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jessica.li@pordahavas.com
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Fax: +852 3150
6728
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SOURCE Cogobuy Group