Impro Precision Industries Limited to be Included in MSCI Hong Kong Micro Cap Index Constituent
Impro Precision Industries Limited (“Impro Precision” or the “Company”, together with its subsidiaries, the “Group”, stock code: 1286) is pleased to announce that the Group will be included as a constituent for the MSCI Hong Kong Micro Cap Index with effect from the market close of 27 May 2021.
The MSCI Hong Kong Micro Cap Index is compiled by Morgan Stanley Capital International, a leading provider of global equity indices. The index is reviewed quarterly with the objective of reflecting change in the underlying equity markets in a timely manner. The MSCI Hong Kong Micro Cap Index being one of the MSCI indexes, it is based on a comprehensive and consistent approach to construct. Assessments are based on key factors namely, minimum market capitalisation, free float and liquidity, foreign inclusion factor requirement and minimum length of trading requirement. The index covers companies with good operational results and solid potential, which is of relatively high reference value to investors.
Impro Precision believes that Company’s inclusion in the MSCI Hong Kong Micro Cap Index represents the capital market’s recognition of the Group’s performance and value, and it is expected to expand the shareholder base and increase the trading liquidity of the Group, resulting in realisation of the value of investment of the Group and enhancement of the reputation of the Group in the capital market.