China Gold International to Become a Constituent Stock in the Hang Seng Index and Qualifies for Listing on Shenzhen-Hong Kong Stock Connect
VANCOUVER, British Columbia, Feb. 20, 2018 (GLOBE NEWSWIRE) -- China Gold International Resources Corp. Ltd. (TSX:CGG) (HKEx:2099) (“China Gold International Resources” or the “Company”) is pleased to announce that it will become a constituent stock of the Hang Seng Composite SmallCap Index effective Monday March 5, 2018. The foregoing was reported by the Hang Seng Indexes Company Limited on February 6, 2018 following its review of the Hang Seng Family of Indexes for the quarter ended December 29, 2017.
The Hang Seng Index (the “HSI”), which is viewed as an 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 Company’s inclusion as a constituent stock in the HSI demonstrates recognition of the Company’s market capital, stock liquidity, business performance and financial position.
The Company now qualifies to have its shares listed on the Shenzhen-Hong Kong Stock Connect, such listing being subject to the Company passing the qualification examination in early March 2018.
The Shenzhen-Hong Kong Stock Connect is a cross-boundary investment channel that connects the Shenzhen Stock Exchange and the Hong Kong Stock Exchange. Under the program, investors in each market are able to trade shares on the other market using their local brokers and clearing houses.
About China Gold International Resources
China Gold International Resources Corp. Ltd. is based in Vancouver, BC, Canada and operates both profitable and growing mines, the CSH Gold Mine in Inner Mongolia, and the Jiama Copper-Polymetallic Mine in Tibet Autonomous Region of the People’s Republic of China. The Company’s objective is to continue to build shareholder value by growing production at its current mining operations, expanding its resource base, and aggressively acquiring and developing new projects internationally. The Company is listed on the Toronto Stock Exchange (TSX:CGG) and the Main Board of The Stock Exchange of Hong Kong Limited (HKEx:2099).
Cautionary Note About Forward-Looking Statements
Certain information regarding China Gold International Resources contained herein may constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although China Gold International Resources believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. China Gold International Resources cautions that actual performance will be affected by a number of factors, most of which are beyond its control, and that future events and results may vary substantially from what China Gold International Resources currently foresees. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration results, continued availability of capital and financing and general economic, market or business conditions. The forward-looking statements are expressly qualified in their entirety by this cautionary statement. The information contained herein is stated as of the current date and subject to change after that date.