Minsheng Education Group Company Limited Becomes A Constituent of Hang Seng Composite Index Series and Hang Seng Stock Connec...
August 17 2017 - 8:57PM
JCN Newswire
Minsheng Education Group Company Limited ("Minsheng Education"
or the "Group"; Stock code: 1569) has been selected as a
constituent stock of 1) Hang Seng Composite Index and its
subdivision of SmallCap Index, 2) Hang Seng Stock Connect Hong Kong
Index, 3) Hang Seng Stock Connect Hong Kong MidCap & SmallCap
Index, 4) Hang Seng Stock Connect Hong Kong SmallCap Index, and 5)
Hang Seng Consumer Goods & Services Index by the Hang Seng
Indexes Company Limited, with effect on 4 September 2017.
Minsheng Education has been listed on the Main Board of the Hong
Kong Stock Exchange on 22 March, 2017. Nearly five months after
listing, the Company was included in the Hang Seng Composite Index
and the Hang Seng Stock Connect Hong Kong Index. As a company that
has not yet been listed for more than six months and focuses on the
higher education segment, Minsheng Education is gradually gaining
more attentions and recognition from professional investors.
Minsheng Education is one of the largest private providers of
higher education in China. As at 30 June 2017, the Group operated
four schools in the People's Republic of China (the "PRC"), namely
Chongqing College of Humanities, Science and Technology, Pass
College of Chongqing Technology and Business University, Chongqing
Vocational College of Applied Technology and Inner Mongolia
Fengzhou Vocational College (Qingcheng Branch). The Group has
invested in Hong Kong Nang Yan College of Higher Education and
Beacon International College in Singapore. In addition, the Group
is establishing a new secondary vocational school and entrusted a
public secondary vocational school in Shandong. The Group primarily
offers formal higher education, including formal undergraduate
education and junior college education.
According to the scope requirement of southbound trading link of
the Stock Connect Scheme, Minsheng Education will benefit from
joining the scheme. The mainland investors will be able to trade
the Company's stock through the Hong Kong stock through so as to
further improve the Company's stock's trading volume and
liquidity.
Mr. Li Xuechun, Founder and Chairman of Minsheng Education, said,
"We are honored to be included in the Hang Seng Composite Index and
the Hang Seng Stock Connect Hong Kong Index. We believe that the
inclusion will further facilitate the trading volume and liquidity
of our stock, expand our existing shareholder base, and further
enhance our recognition in the capital market. Looking forward, the
Company will continue to expedite the progress of our school
network expansion, to maintain a sustainable solid growth and
profitability model so as to create greater value and returns for
the shareholders."
About Minsheng Education Group Company Limited (Stock code:
1569)
Minsheng Education Group Company Limited has been listed on the
Main Board of the Hong Kong Stock Exchange since 22 March 2017, is
one of the largest private providers of higher education in China.
As at 30 June 2017, the Group operated four schools in the People's
Republic of China (the "PRC"), namely Chongqing College of
Humanities, Science and Technology, Pass College of Chongqing
Technology and Business University, Chongqing Vocational College of
Applied Technology and Inner Mongolia Fengzhou Vocational College
(Qingcheng Branch). The Group has invested in Hong Kong Nang Yan
College of Higher Education and Beacon International College in
Singapore. In addition, the Group is establishing a new secondary
vocational school and entrusted a public secondary vocational
school in Shandong. The Group primarily offers formal higher
education, including formal undergraduate education and junior
college education. For further details, please visit:
http://www.minshengedu.com
Source: Minsheng Education Group Company Limited
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