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HONG KONG, May 29, 2014 - (ACN Newswire) - CT Environmental Group Limited ("CTEG" or the "Group"; stock code: 1363), a provider of one-stop centralized and customized wastewater treatment services, industrial water supply services and sludge treatment services in China, has been included as a constituent of Morgan Stanley Capital International ("MSCI") China Small Cap Index, effective upon the close of the market on 30 May 2014.
MSCI indices have become the most widely used international equity benchmarks by institutional investors. MSCI is a leading provider of global equity indices and benchmark related products and services to investors worldwide. It covers companies only with good operational results and potential.
CTEG was listed on the Main Board of Hong Kong Stock Exchange on 25 September 2013. In the first year after listing, the Group has been expanding its business, as well as developing investor relationships by participating in corporate day events and investor conferences. These activities have enabled the Group to maintain close communication with external parties and gain wide recognition. Since its listing, the Group has increased its daily wastewater treatment capacity from 365,000 m3 to 475,000 m3 through capacity upgrade and M&A projects. In addition, the sludge treatment service commenced in the second half of 2013. Including the new acquisitions, it currently has an annual aggregate capacity of 693,000 tonnes for sludge treatment. This service has provided the Group with a new growth driver and further broadened its customer and revenue base.
CTEG Chairman Mr. Tsui Cham To said, "We are delighted to see that the Group has been selected as a constituent stock of the MSCI China Small Cap Index. This has demonstrated the recognition by the capital markets for our continuous efforts in expanding our business and achieving satisfactory results. We believe the inclusion will also strengthen the confidence of investors in the Group. Looking ahead, we intend to capture market opportunities in a practical way and maximise returns for shareholders through outstanding results."
Contact:
Strategic Financial Relations (China) Limited
Ms. Esther Lau
Tel: (852) 2864 4845
Email: esther.lau@sprg.com.hk or sprg-cteg@sprg.com.hk
Topic: Press release summary
Source: CT Environmental Group Limited
Sectors: Daily Finance
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From the Asia Corporate News Network
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