Computer maker Lenovo to be removed from benchmark Hang Seng Index
Reuters
Published May 04, 2018 06:30AM ET
Updated May 04, 2018 06:40AM ET
Computer maker Lenovo to be removed from benchmark Hang Seng Index
HONG KONG (Reuters) - Hong Kong's stock index compiler said on Friday that personal computer maker Lenovo Group Ltd (HK:0992) will be removed from the benchmark Hang Seng Index.
The Hang Seng Indexes Company said it has decided to remove Lenovo from the blue-chip index after reviewing the Hang Seng Family of Indexes for the quarter ended March 30 this year.
CSPC Pharmaceutical Group Ltd (HK:1093), a pharmaceutical group in China, will become a new component of the benchmark index.
Meanwhile, China Huarong Asset Management Co Ltd (HK:2799) will be added to the index of Chinese enterprises listed in Hong Kong, while Zhuzhou CRRC Times Electric Co Ltd (HK:3898) will be removed, it said.
The changes are part of the index manager's quarterly review and will take effect on June 4.
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Written By: Reuters
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