Fufeng Group (HLG:0546) Joins The Hang Seng Composite Index
Hong Kong, Feb 24, 2010 AEST (ABN Newswire) - Fufeng Group Limited (
HKG:0546) (PINK:FFNGY), a leading vertically integrated manufacturer of corn-based biochemical products in China, today announced that Fufeng has been selected as a constituent of Hang Seng Composite Index (HSCI), effective 8 March 2010.
Mr. Li Xuechun, Chairman of Fufeng said, "We are honored that Fufeng Group has been selected as one of the HSCI's constituent stocks. The inclusion will not only further enhance our reputation and corporate image in the international capital market, but also help investors to better assess the Group's future potential."
"As the leading manufacturer of the MSG industry, the Group will continue to elaborate our favorable advantages and capture the business opportunities in the market. The Group will endeavor to strengthen its leading status in the glutamic acid, MSG and xanthan gum market by implementing various marketing strategies, and will also continue to develop biochemical technology products in order to promote long-term and prudent growth of the Group and become the world’s leading manufacturer of biochemical products,” Mr. Li added.
The Hang Seng Composite Index Series ("HSCI Series") includes Hang Seng Composite Index, Hang Seng Composite Index (Consumer Goods) and Hang Seng Composite SmallCap Index. HSCI Series covers about 95% of the total market capitalisation of all stocks listed on the Main Board of the Stock Exchange of Hong Kong ("SEHK"). It is divided into Geographical Indexes and Industry Indexes, and aims to provide a comprehensive benchmark of the performance of stocks listed on the SEHK. After the yearly update, there are 309 companies selected in the series.
About Fufeng Group Limited
Fufeng Group (
HKG:0546) is the world's largest producer of MSG, xanthan gum and a major supplier for a series of bio-fermentation products. The main products of the Group are food additives, animal nutrition, colloid and high-end amino acids. In fiscal 2016, Fufeng generated sales of approximately RMB11.2 billion and profit attributable to shareholders of about RMB1.09 billion. For more information, please visit our website www.fufeng-group.com
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