AGBA Group is Selected as a Stock Constituent to MSCI Global Micro-Cap Index
15 August 2023 - 3:00PM
NASDAQ-listed, AGBA Group Holding Limited (“AGBA”, “The Group”),
the leading one-stop financial supermarket in Hong Kong is pleased
to announce its inclusion as a constituent stock to the MSCI
Global Micro-Cap Index (MSCI Hong Kong Index), with effect from the
close of the stock market on 31 August, 2023.
The MSCI (Morgan Stanley Capital International)
Global Micro-Cap Index is compiled by MSCI, a leading provider of
global equity indices. The MSCI Global Micro-Cap tracks the
performance of the smaller companies globally. It is composed of
stocks that have a market capitalization of less than US$300
million. The index is calculated in HKD and USD and is used as a
benchmark or as a basis for investment products.
Wing-Fai Ng, Group President, AGBA Group
Holding Limited said, “We are delighted that AGBA Group has
been selected as a MSCI Global Micro Cap Index constituent stock.
This is yet another major milestone in our development and growth –
only made possible by the hard work of all our 2,000+ colleagues.
We trust that the inclusion of AGBA is another proof of the
market's confidence in the Group's future development and
prospects.”
The index is reviewed quarterly with the
objective of reflecting changes in the underlying equity markets in
a timely manner. It has been widely recognised as a benchmark for
global institutional investors looking to optimize their investment
portfolios. The index is composed of companies with good
operational results and potential. Assessments are based on key
factors, namely minimum market capitalization, free float and
liquidity, foreign inclusion factor requirement, and minimum length
of trading requirement.
The latest press release is available on the
company’s website, please visit www.agba.com/ir
# # #
Safe Harbor Statement
This press release contains forward-looking
statements as defined by the Private Securities Litigation Reform
Act of 1995. Forward-looking statements include statements
concerning plans, objectives, goals, strategies, future events or
performance, and underlying assumptions and other statements that
are other than statements of historical facts. When the Company
uses words such as "may," "will," "intend," "should," "believe,"
"expect," "anticipate," "project," "estimate" or similar
expressions that do not relate solely to historical matters, it is
making forward-looking statements. Forward-looking statements are
not guarantees of future performance and involve risks and
uncertainties that may cause the actual results to differ
materially from the Company's expectations discussed in the
forward-looking statements. These statements are subject to
uncertainties and risks including, but not limited to, the
following: the Company's goals and strategies; the Company's future
business development; product and service demand and acceptance;
changes in technology; economic conditions; the outcome of any
legal proceedings that may be instituted against us following the
consummation of the business combination; expectations regarding
our strategies and future financial performance, including its
future business plans or objectives, prospective performance and
opportunities and competitors, revenues, products, pricing,
operating expenses, market trends, liquidity, cash flows and uses
of cash, capital expenditures, and our ability to invest in growth
initiatives and pursue acquisition opportunities; reputation and
brand; the impact of competition and pricing; government
regulations; fluctuations in general economic and business
conditions in Hong Kong and the international markets the Company
plans to serve and assumptions underlying or related to any of the
foregoing and other risks contained in reports filed by the Company
with the SEC, the length and severity of the recent coronavirus
outbreak, including its impacts across our business and operations.
For these reasons, among others, investors are cautioned not to
place undue reliance upon any forward-looking statements in this
press release. Additional factors are discussed in the Company's
filings with the SEC, which are available for review at
www.sec.gov. The Company undertakes no obligation to publicly
revise these forward–looking statements to reflect events or
circumstances that arise after the date hereof.
About AGBA Group:
Established in 1993, AGBA Group Holding Limited
(NASDAQ: “AGBA”) is a leading one-stop financial supermarket based
in Hong Kong offering the broadest set of financial services and
healthcare products in the Guangdong-Hong Kong-Macao Greater Bay
Area (GBA) through a tech-led ecosystem, enabling clients to unlock
the choices that best suit their needs. Trusted by over 400,000
individual and corporate customers, the Group is organized into
four market-leading businesses: Platform Business, Distribution
Business, Healthcare Business, and Fintech Business.
For more information about AGBA, please visit
www.agba.com
Media and Investor Relations Contact:
Media:Kate Siumedia@agba.com+852 3601
3699 |
Investor Relations:Bethany Laiir@agba.com+852 5529
4500 |
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