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China's WH Group to join Hang Seng Index from Sept 4

[HONG KONG] Hong Kong's stock index compiler said on Wednesday China-based pork producer WH Group will become a component of the Hang Seng Index, effective Sept 4.

The changes are part of the index manager's quarterly review, brining the total number of constituents to 50 from 49.

There is no change to the constituents of the Hang Seng China Enterprises Index, it said.

Last month, China's top footwear retailer Belle International Holdings, which has been delisted from the Stock Exchange of Hong Kong after its privatisation, was removed from the Hang Seng Index.

Shares of WH Group, the world's largest pork supplier, have gained 27 per cent so far this year, outperforming a 25 per cent gain in the benchmark index. WH Group has a market value of HK$116.9 billion (S$20.45 billion).

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