Index designation enables Nexteer shares to be traded on the Shanghai Exchange through the Shanghai-Hong Kong Stock Connect program
Nexteer Automotive, a global leader in intuitive motion control, announced today the company has been added to the Hang Seng Composite LargeCap & MidCap Index (HSLMI) effective immediately. Nexteer Automotive Group Ltd. is one of 279 companies recognized in the Index which is a sub-index of the Hang Seng Composite Index (HSCI), a comprehensive Hong Kong market benchmark that covers about 95% of the total market capitalization of companies listed on the Main Board.
“The addition of Nexteer to the Hang Seng Index is a significant milestone for our company,” said Laurent Bresson, Nexteer president and chief operating officer. “Our inclusion recognizes the progress and achievements Nexteer has accomplished since our IPO nearly two years ago. We are honored to receive this recognition and look forward to our shares being accessible to investors in mainland China.”
By its inclusion on the HSLMI, Nexteer shares are now eligible for trading on the Shanghai Stock Exchange in mainland China through the Shanghai-Hong Kong Stock Connect program.
