FT/S&P-Actuaries World Indices Quarterly Changes.NEW YORK--(BUSINESS WIRE)--March 20, 1997--At its quarterly meeting held on 20 March 1997, the FT/S&P-Actuaries World Index Policy Committee agreed to add four (4) stocks and delete two (2) in Brazil, add nine (9) stocks and delete one (1) in Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. and add nine (9) stocks and delete four (4) in Japan with effect from 1 April 1997. BRAZIL additions: Company Sub-sector Sub-sector No. Eletrobras ON(a) Electric Utilities, 221 (weight 23%) Water Works & Supply Unibanco PN Commercial Banks & 112 (weight 100%) Other Banks LightPar ON Electric Utilities, 221 (weight 49%) Water Works & Supply Sid Nacional ON Iron & Steel 633 (weight 49%) (a) In addition to existing preference line constituent. ON = Common stock PN = Preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. The large company cut-off figure for Brazil as at 31 January 1997 was 2,480.9 (BRLm). BRAZIL deletions: Company Sub-sector Sub-sector No. Lojas Americanas ON(a) Retail - Department 491 Stores Suzano Papel Paper & Paper 652 Celulose PN Products (a) Leaving remaining preference line. HONG KONG additions: Company Sub-sector Sub-sector No. Cheung Kong Construction 613 Infrastructure Pearl Oriental Holdings Oriental Holdings Berhad's has a reputation within the Malaysian motor industry having successfully built up an unknown brand from its beginning to the No 1 Best Selling Passenger Car in the non-national passenger car segment in Malaysia. Real Estate 161 Ltd China Resources China Resources (Chinese: 華潤; HKSE: 0291 ) is a group of companies in wide variety of business in Hong Kong and mainland China. Some of its companies use the name the acronym CRC. Real Estate 161 Enterprises Ltd Kerry Properties Real Estate 161 Tsim Sha Tsui Tsim Sha Tsui (Simplified Chinese 尖沙咀, Traditional:尖沙嘴), often abbreviated as TST, also known as Tsim Tsui (尖咀 or 尖嘴) by local people, is an urbanized area in the Yau Tsim Mong District in southern Financial 121 Properties Ltd Institutions Guangdong Investment Real Estate 161 Ltd COSCO COSCO China Ocean Shipping Company COSCO Colorado Scientific Company (Denver) Pacific Ltd Storage, Warehousing 306 & Supporting Transport Services The collective functions of layers 1 through 4 of the OSI model. New World Sea Transport 303 Infrastructure China Overseas Land & Real Estate 161 Investment Ltd The large company cut-off figure for Hong Kong as at 31 December 1996 was 15,302.46 (HKDm). HONG KONG deletion: Company Sub-sector Sub-sector No. Winsor Industrial Textile Products 412 Corporation Ltd JAPAN additions: Company Sub-sector Sub-sector No. Acom Financial Institutions 121 Advantest Instrumentation/Control 552 Equipment DDI ddI and ddC: see AZT. (weight 33%) Telephone Companies 223 Nichiei Financial Institutions 121 NTT NTT Nippon Telegraph and Telephone Corporation NTT New Technology Telescope NTT National Technology Transfer, Inc NTT Name That Tune (TV game show) NTT National Tree Trust NTT Number Theoretic Transform Data Computer Software & 482 Services Oriental Land Entertainment & 461 Leisure Time Promise Financial Institutions 121 SMC SMC Saint Mary's College SMC Santa Monica College SMC Solaris Management Console SMC Smooth Muscle Cell SMC Small Magellanic Cloud (also see LMC) SMC Safety Management Certificate (maritime shipping) Machinery 563 West Japan Railway Rail & Road Transport 304 The large company cut-off figure for Japan as at 31 December 1996 was 361,298.32 (YENm). JAPAN deletions: Company Sub-sector Sub-sector No. Central Finance Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. 122 Nihon Nosan Kogy Agriculture & Fishing 454 Shokusan Jutaku Sogo Construction 613 Takaoka Electric Mfg. Electric Equipment 541 The following weighting changes will also be implemented on 1 April 1997. Country Company Current weighting New weighting Japan Obayashi-Gumi 20% 100% Brazil Telebras ON 42% 48% The classifications of a number of constituents were reviewed and the following classification changes, effective 1 April 1997 were agreed: BRAZIL: Company Current Industry Sub- New Industry Sub- sector sector Brasmotor PN 591 - Diversified 402 - Household Industrials Durables & Appliances HONG KONG: Company Current Industry Sub- New Industry Sub- sector sector Citic Pacific CITIC Pacific (Traditional Chinese: 中信泰富, HKSE: 0267 ) is a Hong Kong-based conglomerate company. The company's current chairman is Larry Yung Chi Kin. 161 - Real Estate 171 - Diversified Holding Cos. The Cross-Harbour Tunnel The Cross-Harbour Tunnel (abbr. CHT or XHT; Chinese: 香港海底隧道; Pinyin: Xiānggǎng Hǎidǐ Suìdào; Cantonese Yale: heung1 gong2 hoi2 dai2 seui6 dou6, or informally 306 - Storage, 304 - Rail & Road Co. Ltd. Warehousing & Transport Supporting Transport Services Dairy Farm International 495 - Retail - 493 - Retail - Holdings Ltd. Miscellaneous/ Grocery Chains Speciality Hong Kong Aircraft 523 - Aircraft 301 - Air Transport Engineering Co. Ltd. Manufacturers Carriers Hutchison Whampoa Hutchison Whampoa Limited or HWL (Traditional Chinese: 和記黃埔有限公司, HKSE: 0013 406 - Diversified 171 - Diversified Consumer Holding Companies Goods/Services Jardine International 401 - Automobiles 511 - Wholesale - Motor Holdings Durables Sun Hung Kai Sun Hung Kai Properties Ltd. (新鴻基) (HKSE: 0086 ) is a listed corporation based in Hong Kong. The company is controlled by the 3 Kwok brothers, whose father, Kwok Tak Seng, founded the company. Collectively, they speak for 43. & Co. Ltd. 121 - Financial 122 - Financial Institutions Services JAPAN: Company Current Industry Sub- New Industry Sub- sector sector Asahi Glass 591 - Diversified 612 - Ceramics Industrials Best Denki Best Denki Co., Ltd. (株式会社ベスト電器 534 - Office 495 - Retail - Equipment Miscellaneous & Speciality Chuo Trust & Banking 121 - Financial 112 - Commercial Institutions Banks & other Banks Daiei 493 - Retail - 492 - Retail - Grocery Chains General Merchandise Daifuku 565 - Machinery - 563 - Machinery - Farm Equipment Diversified Daikin Industries 566 - Machinery - 541 - Electrical Industrial & Equipment Speciality Dainippon Ink & Chemicals 622 - Chemicals 621 - Chemicals (Diversified) including fibres, paints, industrial gases JAPAN - continued Company Current Industry Sub- New Industry sub- sector sector Ebara Corp 566 - Machinery - 563 - Machinery - Industrial & Diversified Speciality Fujikura 671 - Fabricated Metal 541 - Electrical Products Equipment Hitachi Cable Hitachi Cable, Ltd. (日立電線株式会社 671 - Fabricated Metal 541 - Electrical Products Equipment Ishikawajima - Harima 592 - Heavy 563 - Machinery - Heavy Industries Engineering & Diversified Shipbuilding Ito-Yokado 493 - Retail - Grocery 492 - Retail - Chains Gen. Mdse Iwatani International 512 - Wholesale - Non- 511 - Wholesale - Corp durables Durables Izumiya 493 - Retail - Grocery 492 - Retail - Chains General Merchandise Jusco 493 - Retail - Grocery 492 - Retail - Chains General Merchandise Kawasaki Heavy 592 - Heavy 563 - Machinery - Industries Engineering & Diversified Shipbuilding Kyushu Matsushita 551 - Electronics 533 - Electric Telecommunications Equipment Mabuchi Motor 571 - Auto Parts - 541 - Electrical Original Equipment Equipment Mitsubishi Trust & 122 - Financial 112 - Commercial Banking Corp Services Banks & other Banks Mitsui Trust & Banking 122 - Financial 112 - Commercial Services Banks & other Banks Mycal Corp 493 - Retail - Grocery 492 - Retail - Chains General Merchandise Nichido Fire & Marine 151 - Insurance - 152 - Insurance - Insurance Multiline Property & Casualty Nichirei Corp 306 - Storage, 451 - Food Warehousing Processors & Supporting Transport Svcs. Nippon Sharyo 573 - Auto Parts - 563 - Machinery - Trucks Diversified Nippon Sheet Glass 591 - Diversified 612 - Ceramics Industrials Omron Corp 541 - Electrical 552 - Equipment Instrumentation & Control Equipment Orient Corp 122 - Financial 121 - Financial Services Institutions Orix Corp 122 - Financial 121 - Financial Services Institutions Seiyu 493 - Retail - Grocery 492 - Retail - Chains General Merchandise Showa Electric Wire & 671 - Fabricated 541 - Electrical Cable Metals Equipment Sony Music Entertainment Sony Music Entertainment is a major global record label controlled by the Sony Corporation. In 1988, Sony Corporation acquired CBS Records, Inc. for $2 billion. CBS Inc., now CBS Corporation, retained the rights to the CBS name, and Sony renamed the label 461 - 472 - Publishing (Japan) Entertainment/Leisure Time Sumitomo Trust & Banking 122 - Financial 112 - Commercial Services Banks & other Banks Terumo Corp 433 - Drugs 431 - Health Care Tokai Carbon 612 - Ceramics 621 - Chemicals including fibres, paints, industrial gases JAPAN - continued Company Current Industry Sub- New Industry Sub- sector sector Toshiba Machine 566 - Machinery - 562 - Machine Industrial & Tools Speciality Toyo Trust & Banking 121 - Financial 112 - Commercial Institutions Banks & other Banks Yasuda Trust & Banking 121 - Financial 112 - Commercial Institutions Banks & other Banks SWITZERLAND: Company Current Industry Sub- New Industry Sub- sector sector Alusuisse Lonza Holdings 634 - Non-Ferrous 672 - Containers Metals TREATMENT OF HALIFAX IN THE FT/S&P ACTUARIES WORLD INDICES The FT/S&P Actuaries World Index Policy Committee decided, subject to listing, that the Halifax plc (formerly the Halifax Building Society) should be considered for inclusion in the index at a quarterly review and not immediately on listing of the company's shares. At this time it is expected that Halifax will be listed at the beginning of June and if so will enter the FT/S&P Actuaries UK index on 30 June 1997. Notes for Editors: 1. The FT/S&P Actuaries World Indices are jointly compiled by FTSE FTSE A company that specializes in index calculation. Although not part of a stock exchange, co-owners include the London Stock Exchange and the Financial Times. Notes: The FTSE is similar to Standard & Poor's in the United States. International, Goldman, Sachs & Co and Standard & Poor's in conjunction with the Institute of Actuaries The Institute of Actuaries is one of the two professional bodies representing actuaries in the United Kingdom. The Institute is based in England, while the other body, the Faculty of Actuaries, is based in Scotland. and the Faculty of Actuaries The Faculty of Actuaries in Scotland is the professional body representing actuaries in Scotland. The Institute of Actuaries, is a separate body in England, Wales and Northern Ireland. . All enquiries should be made to Steven Vale at FTSE International in London on +44 (0)171 448 1810, Barbara Mueller, Goldman, Sachs & Co in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of on +1 (212) 902 6777 or Elliott Shurgin, Standard & Poor's in New York on +1 (212) 208 8709. CONTACT: FT-SE International Goldman, Sachs & Co. Standard & Poor's Steven Vale Barbara Mueller Elliott Shurgin London (212) 902-6777 (212) 208-8709 0171 448 1800 |
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