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- Zhejiang Huahai Pharmaceutical Co., Ltd. (China, SEDOL: 6591058, GICS: Health Care, GICS Code: 35202010), will replace Shanghai Hualian Co., Ltd. (China, SEDOL: 6802750, GICS: Consumer Discretionary, GICS Code: 25503020) in the S&P/CITIC 300 Index after the close of trading on Thursday, November 25, 2004. Shanghai Hualian Co., Ltd. is being removed from the S&P/CITIC 300 index following the company’s acquisition by fellow index constituent Shanghai No. 1 Department Store Co., Ltd. The acquisition has received approval by the China Securities Regulatory Commission (CSRC), China’s centralized market regulatory body.
- Zhejiang Huahai Pharmaceutical Co., Ltd. was established in 1989. The company manufactures raw materials and pharmaceuticals. Products include Captopril, Enalapril Maleate, and Lisinopril. The number of free-float A shares is 180,000,000.
- Shanghai No. 1 Department Store Co., Ltd. (China, SEDOL: 6801445, GICS: Retailing, GICS Code: 25503020), a member of the S&P/CITIC 300 Index, shares will increase by 518,179,356 to 1,101,027,295 following the acquisition of Shanghai Hualian Co., Ltd.
| S&P/CITIC 300 Index – November 25, 2004 after the market close | |||
|
Company Name |
Free Float Shares |
GICS Economic |
|
|
ADDED |
Zhejiang Huahai Pharmaceutical Co., Ltd. | 180,000,000 | Health Care |
| DELETED | Shanghai Hualian Co., Ltd. | 124,467,083 |
Consumer |
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