HKEX | 2007
(10 November 2017 – Hong Kong) Country Garden Holdings Company Limited (“Country Garden” or the “Group”, SEHK stock code: 2007) is pleased to announce that Company has been included as a constituent stock in the Hang Seng Index. This will become effective from 4 December 2017.
The Hang Seng Index, which has been regarded as the most important gauge of the Hong Kong stock market, includes the largest and most liquid stocks listed on the Main Board of the Stock Exchange of Hong Kong. The inclusion of Country Garden as blue chip has demonstrated the recognition and confidence in the Group’s business development and prospect by capital market.
Previously, the Group has become a constituent stock of MSCI Global Standard Indices on 1 September 2007, Hang Seng Composite Index and Hang Seng Mainland 100 on 10 September 2007, FTSE China 50 Index on 14 September 2016, and Hang Seng China (Hong Kong-listed) 25 Index on 12 June 2017.
For the first ten months of this year, the Group together with its joint ventures and associates, achieved contracted sales of approximately RMB484.77 billion with contracted sales GFA of approximately 53.12 million square meters, representing a Y-o-Y increase of approximately 79% and 60%. The Group has already achieved approximately 97% of its full-year sales target of RMB500 billion, and its contracted sales ranked the first in the industry. As of 10 November, the market value of the Group has surged to HK$261.5 billion from HK$93.1 billion at the beginning of the year, representing a growth of 181%. Country Garden has fulfilled its commitment to the market by its outstanding performance, while the growth in market value has reflected investors’ recognition.
Country Garden is honoured to become a constituent stock of the Hang Seng Index. Going forward, Country Garden will continue to take the opportunity of China’s urbanisation and national policies, while adhering to its approach in development and utilising its advantages, as to generate greater value for its shareholders, clients and society.