HONG KONG, Nov 22, 2015 - (ACN Newswire) - Neo Telemedia Limited ("Neo Telemedia" or the "Group;" stock code: 8167) , with Internet-based services and big data as its core businesses, has been added as a constituent stock in the Morgan Stanley Capital International ("MSCI") China Small Cap Index, to be effective after the stock market has closed on 30 November 2015.
MSCI is a leading provider of global equity indices and benchmark related products and services to investors worldwide.. The index includes companies with good business results and potential and is broadly used as one of the international stock performance benchmarks by institutional investors.
Mr. CHEUNG Sing Tai, Chairman and Chief Executive Officer of Neo Telemedia Limited, said, "We are pleased to be included within the MSCI China Small Cap Index. The Group will continue to strengthen our business development and capture the opportunities arising in the Internet financing market in the PRC, all aimed at generating satisfactory returns for our shareholders."
About Neo Telemedia Limited
Neo Telemedia Limited and its subsidiaries (collectively, the "Group") is a telecommunication group focusing on the Internet and big data sectors, subsequent to its recent corporate restructuring. The Group becomes a constituent stock in the MSCI China Small Cap Index in November 2015. Its wholly owned subsidiary Guangdong Wei Hai Technology Company Limited* ("Wei Hai Technology") has partnered with Shangdong Inspur Group to form a joint venture, Guangdong Wei Hai Inspur Cloud Computing Company Limited ("Guangdong Inspur Wei Hai") to establish a large cloud computing centre in Southern China. In early 2015, the Group has been exploring various opportunities in WiFi access services, application of cloud computing and cross-border e-commerce businesss in the PRC. Additionally, to capture the opportunities arising in the Internet financing market in the PRC, the Group has officially launched its peer-to-peer (P2P) lending platform business under its subsidiary, Guang Dong Avatar Wealth Investment Management Co., LTD("Avatar Wealth") in May 2015. The Group has also entered into a Memorandum of Understanding with Shenzhou Aerospace Software Limited and Chancheng District People's Government of Foshan, the PRC in relation to the establishment of the Shenzhou Aerospace Manufacturing Technology (Guangdong) Institute in February 2015.
Source: Neo Telemedia Limited
Contact:
Strategic Financial Relations Limited Joanne Lam Tel: 852-2864 4816 Email: joanne.lam@sprg.com.hk Grace Lai Tel: 852-2114 4313 Email: grace.lai@sprg.com.hk Caley Chan Tel: 852-2864 4950 Email: caley.chan@sprg.com.hk Fax: 2527 1196 Website: www.sprg.com.hk
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