Shenzhen Feima International Supply Chain and Northcom Group to be removed from Hang Seng Indexes

Both firms have been classified as ST Stocks.

After being classified as ST Stocks, supply chain service provider Shenzhen Feima International Supply Chain Co. and manufacturing firm Northcom Group Co. no longer meet the criteria for inclusion in the Hang Seng Family of Indexes, an announcement revealed.

Shenzhen Feima International Supply Chain Co. will be removed from the Hang Seng Stock Connect Greater Bay Area Composite Index (HSGBAC), Hang Seng Stock Connect Greater Bay Area Shenzhen-Dongguan-Huizhou Index (HSBASDH), Hang Seng Stock Connect Greater Bay Area Industrials Index (HSBAI), Hang Seng Shenzhen Hong Kong Index (SZHKI) and the Hang Seng Stock Connect China A Greater Bay Area Index (HSABA).

Northcom Group Co. will be removed from the HSGBAC, HSBASDH, HSABA and the Hang Seng Stock Connect Greater Bay Area New Economy Index (HSBANE).

The announcement also revealed that pharmaceutical firm Beijing Tong Ren Tang Chinese Medicine Co. will be added to the HSGBAC, HSBANE, Hang Seng Stock Connect Greater Bay Area Hong Kong Index (HSBAHK) and the Hang Seng Stock Connect Greater Bay Area Consumer Goods Index (HSBACG).

Meanwhile, residential property managers company Skyfame Realty Holdings will be added to the HSGBAC, Hang Seng Stock Connect Greater Bay Area Guangzhou-Foshan-Zhaoqing Index (HSBAGFZ) and Hang Seng Stock Connect Greater Bay Area Properties & Construction Index (HSBAPC).

Constituent changes will be made to the indexes after market close on 14 May, and will come into effect on 15 May.