SHANGHAI :
Shenzhen Stock Exchange to Remove Debt-Laden LeEco Arm From Two Stock Sample Indexes
Liao Shumin
DATE:  Dec 18 2017
/ SOURCE:  Yicai
Shenzhen Stock Exchange to Remove Debt-Laden LeEco Arm From Two Stock Sample Indexes Shenzhen Stock Exchange to Remove Debt-Laden LeEco Arm From Two Stock Sample Indexes

(Yicai Global) Dec. 18 -- The Shenzhen Stock Exchange has removed cash-strapped conglomerate LeEco's listed arm from two of its stock sample indexes, the exchange said in a statement today after amending the firms included.

The South China board took Leshi Internet Information and Technology Corp. Beijing [SHE:300104] and six other companies out of the Growth Enterprise Index, and added in BGI Genomics Co. [SHE:300676] and Beijing Miteno Communication Technology Co. [SHE:300038], among others.

It replaced 45 sample stocks on the Shenzhen Component Index, removing Jiangsu Sihuan Bioengineering Co. [SHE:000518] and adding in China Union Holdings Ltd. [SHE:000036] and other companies.

It also switched out 10 sample stocks from the SZSE 100 Index, including ditching the LeEco arm, and 76 from the SSE SME Composite Index.

Under rules for the preparation of indexes, Shenzhen Stock Exchange and Shenzhen Securities Information Co. will make the adjustments on the first trading day of January 2018.

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Keywords:   Leshi Internet Information And Technology Co.,LEECO,BGI Genomics Co.,SZSE Component Index,Growth Enterprise Index,Shenzhen Stock Exchange