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AAG Energy Selected as a Constituent of
Five Major Hang Seng Indexes

Release date: 16-Sep-2015

(Hong Kong, 16 September 2015) — AAG Energy Holdings Limited (“AAG” or the “Group;” stock code: 2686), a leading independent CBM producer in China, is pleased to announce that it has been selected as a constituent of five stock indices managed by the Hang Seng Indexes Company Limited (“Hang Seng Indexes”), with effect from 14 September 2015. 

 

The five stock indices are:

  • Hang Seng Global Composite Index
  • Hang Seng Composite Index Series:

- Hang Seng Composite Index

- Hang Seng Composite Index – Energy

- Hang Seng Composite MidCap & SmallCap Index

- Hang Seng Composite SmallCap Index

 

The Hang Seng Composite Index ("HSCI") offers a comprehensive Hong Kong market benchmark that covers about the top 95th percentile of the total market capitalization of companies listed on the Main Board of the Stock Exchange of Hong Kong (“HKEx”). Adopting the freefloat-adjusted market capitalization methodology, the HSCI can be used as a basis for index funds, mutual funds as well as performance benchmarks. The Hang Seng Global Composite Index serves as a benchmark that reflects the overall performance of all companies listed on the HKEx.

 

Dr. Steve Zou, Chairman and Executive Director of AAG Energy, said: “We are delighted that AAG is eligible to join five indexes in the Hang Seng family shortly after the Group’s share listing debut in June this year. We believe that this recognition will further help to create greater public awareness of AAG’s equity position and strengthen investor confidence, thus enhancing the Group’s reputation and position in international capital markets. We are confident about the prospects of CBM in China, and we will continue to leverage our advantages in the commercial development of CBM to create the highest returns for our shareholders.”

 

AAG has delivered impressive business results in the first half of 2015. For the six months ended 30 June 2015, AAG’s realized net sales revenue was up by 92.2% to RMB278.7 million year-on-year, while normalized profit from operations increased 116.8% to RMB177.2 million and the normalized adjusted EBITDA increased 100% to RMB248.5 million year-on-year. 

 
  • Press Contact

    Jiayi Wu, Joint Company Secretary's Assistant, +86 1592-859-9449, jiayi.wu@aagenergy.com