Pacific Basin Shipping Limited (Pacific Basin, SEHK 2343), one of the world’s leading dry bulk shipping companies, announced earlier today its selection as an eligible stock for Southbound Trading under Shenzhen-Hong Kong Stock Connect ("SZ-HK Stock Connect").
The Group has also been included in the Hang Seng Stock Connect Hong Kong Index Series, consisting of the Hang Seng Stock Connect Hong Kong Index ("HSHKI"), and the Hang Seng Stock Connect Hong Kong MidCap & SmallCap Index ("HSHKMS").
The index revision is effective from 4 September 2017.
Commenting on the Company’s inclusion in SZ-HK Stock Connect, Mr. Mats Berglund, CEO of Pacific Basin, said: “We are very pleased to be included in the SZ-HK Stock Connect scheme. The southbound trading mechanism will help to enhance Pacific Basin’s profile in the mainland Chinese capital markets, and potentially enlarge our shareholder base in China where our business of transporting raw materials is likely to have a particular resonance”.
Source: Pacific Basin