Nissin Foods Company Limited (the “Company”, together with its subsidiaries, the “Group”; Stock code: 1475) is pleased to announce that the Company has been included in the Morgan Stanley Capital International (“MSCI”) Hong Kong Small Cap Index (the “Index”), with effect from the market close today (28 May 2019).
Mr Kiyotaka Ando, Executive Director, Chairman of the Board and Chief Executive Officer, said, “We are delighted to be recognised by MSCI. The inclusion reflects investors’ unwavering trust in the Company since its listing on the Main Board of Stock Exchange of Hong Kong Limited in December 2017. It also signifies the continuous effort of the Group in enhancing shareholder value and our commitment to the global capital markets. Looking ahead, we remain committed to innovation, delighting customers with delicious and quality food products, and optimising shareholder value.”
The Index is recognised worldwide as one of the most important benchmarks on investment performance. Among all the MSCI indexes, the MSCI Hong Kong Small Cap Index is designed to measure the performance of the small cap segment of the Hong Kong market. Currently with 75 constituents, the index represents approximately 14% of the free float-adjusted market capitalization of the Hong Kong equity universe.
About Nissin Foods Company Limited
Nissin Foods Company Limited (The “Group”; Stock code: 1475) is a renowned food company in Hong Kong and the PRC with a diversified portfolio of well-known and highly popular brands and the largest instant noodle company in Hong Kong. The Group officially established its presence in Hong Kong in 1984. The Group primarily manufactures and sells instant noodles, frozen foods and other food products under its two core corporate brands, namely “NISSIN” and “DOLL” together with a diversified portfolio of iconic household premium food brands. The Group’s five flagship product brands, namely “Cup Noodles”, “Demae Iccho”, “Doll Instant Noodle”, “Doll Dim Sum” and “Fuku” are also among the most popular choices in their respective food product categories in Hong Kong. In the PRC market, the Group has introduced technology innovation in “ECO Cup” concept into the market and primarily focuses its sales efforts in first and second tier cities located in eastern and southern parts of the PRC. For more information, please visit www.nissingroup.com.hk.
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Source: ACN Newswire