Standard & Poor’s will make the following changes in the S&P/HKEx Large Cap Index. The adjustments involve share and IWF changes and will become effective after the close of trading on Tuesday October 31, 2006.
- Li & Fung Limited will increase its index shares from 3,241,250,000 to 3,406,102,000 due to a placement of existing shares and issue of new stock.
- Cathay Pacific Airways Limited will increase its index shares from 3,380,097,000 to
3,932,109,000 and decrease IWF from 0.29 to 0.25 pursuant to the completion of its
acquisition of Dragon Airlines Limited.
- Esprit Holding Limited will increase its IWF from 0.7767 to 0.8468 pursuant to a sell down of 85,000,000 shares by its strategic holder, Great View International Limited.
S&P/HKEx
Large Cap Index – October 31, 2006 after market close |
Company Name |
Country |
Sedol |
Index Shares |
IWF |
GICS |
Li & Fung Limited |
Hong Kong |
6286257 |
3,406,102,000 |
0.6198 |
25501010 |
Cathay Pacific Airways
Limited |
Hong Kong |
6179755 |
3,932,109,000 |
0.2500 |
20302010 |
Esprit Holdings Limited |
Hong Kong |
6321642 |
1,220,390,000 |
0.8468 |
25504010 |