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HONG KONG, Feb 17, 2015 - (ACN Newswire) - Carnival Group International Holdings Limited ("Carnival Group International" or the "Group;" stock code, 996), China's only publicly listed developer of large-scale integrated tourism, hospitality and retail projects that combine theme parks, hotels, outlet shopping for international premium brands, dining, conference and exhibition centres, leisure, entertainment and recreational facilities, has announced its inclusion in the Hang Seng Composite MidCap Index effective 9 March 2015.
Mr. King Pak Fu, Chairman of Carnival Group International Holdings Limited, said, "We are very honoured to be a constituent within the highly recognised Hang Seng index series. This inclusion represents recognition by the market of our development prospects as China's only publicly-listed developers of large-scale integrated tourism, hospitality and retail projects, as well as the results we have achieved in the past year. We believe that inclusion within the Hang Seng Composite MidCap Index enhances the understanding and confidence of overseas investors in the Group, and helps us to diversify our shareholder base. Against the backdrop of China's government policy to stimulate domestic demand and the continued growth in the domestic tourism market and in consumption, we remain focused on the development and operation of themed projects offering experiential consumption to customers, and at the same time strive to generate sustainable and stable returns on investment for shareholders."
Mr. Leung Wing Cheong, Eric, Chief Executive Officer of Carnival Group International Holdings Limited, said, "We have evaluated and identified quality large-scale integrated tourism, hospitality and retail projects in Greater China and overseas during the past year. Meanwhile, 'Rio Carnival' in Qingdao, the Group's flagship project with a total land area of approximately 350,000 sq.m. and a total GFA (gross floor area) of approximately 800,000 sq.m., is scheduled to open in phases starting in the second quarter this year after four years of construction and preparation. We expect the project will become the largest multi-functional, one-stop tourism, experiential consumption, leisure, entertainment and shopping destination in China. As the only Hang Seng Composite MidCap Index constituent engaging in the business of developing and operating integrated experiential themed leisure, tourism, entertainment and retail projects, we will be able to showcase the uniqueness of our business model and inspire greater market confidence in the Group's business development. Looking ahead, we will capture the growing tourism market and consumption trend in China and actively look for opportunities to cooperate with strategic partners who are leading enterprises engaging in leisure, entertainment and lifestyle industries in China and overseas, so as to become a leading integrated tourism, hospitality, retail, leisure and entertainment provider in China and selected overseas destinations."
About Carnival Group International Holdings Limited
Carnival Group International Holdings Limited ("Carnival Group International;" stock code: 996) designs, develops, operates and manages large-scale tourist complex projects in key cities in China that include theme parks, hotels, shopping malls and leisure facilities. It aims to offer new one-stop carnival experiences that combine resort, high-end shopping, leisure and entertainment, conference and exhibition operations and capture opportunities that arise from the greater affluence and consumption power in China. For more information about Carnival Group International, please visit the Company's website http://www.0996.com.hk
About Hang Seng Composite MidCap Index ("HSMI")
The Hang Seng Composite Index ("HSCI") is sub-divided into three size indexes based on the sizes of the constituents. The Hang Seng Composite LargeCap Index ("HSLI"), Hang Seng Composite MidCap Index ("HSMI") and Hang Seng Composite SmallCap Index ("HSSI") cover the top 80%, the next 15% and the remaining 5% respectively of the total market capitalisation of the HSCI. For new constituents, eligible stocks will be included in the HSLI if they rank within the top 77%; or included in the HSMI if they rank below the top 77% but within the top 93%; or included in the HSSI if they rank below the top 93% of the total market capitalisation of the HSCI
For enquiries:
Strategic Financial Relations Limited
Ming Chan
Tel: +852 2864 4892
Email: ming.chan@sprg.com.hk
Sophie Du
Tel: +852 2114 4901
Email: sophie.du@sprg.com.hk
Topic: Press release summary
Source: Carnival Group International Holdings Limited
Sectors: Daily Finance
https://www.acnnewswire.com
From the Asia Corporate News Network
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