HONG KONG, Feb. 7, 2013 /PRNewswire/ -- Zall Development Group Ltd ("Zall Development", or the "Group", Stock Code: 2098), a leading developer and operator of large-scale, consumer product-focused wholesale shopping malls and commercial properties in China, is pleased to announce that the Company has been selected as a constituent stock of the Hang Seng Composite Index ("HSCI"), effective March 4, 2013, according to a notice posted on February 6, 2013.
Upon review of the Hang Seng Family of Indexes for the quarter ended December 31, 2012 by Hang Seng Indexes Company Limited a total of 349 constituents will be included in the HSCI. Benchmark Indexes in the Hang Seng Family of Indexes include the Hang Seng Foreign Companies Composite Index, the Hang Seng Global Composite Index, and the Hang Seng Composite Index and its sub-indexes – namely, the Hang Seng Composite Industry Indexes and the Hang Seng Composite Size Indexes.
Mr. Yan Zhi, Chairman and CEO of Zall Development, said, "Zall Development’s selection as a constituent stock of the HSCI just less than two years after being listed on the main board of Hong Kong Stock Exchange demonstrates the investor community's recognition of and confidence in the Group's unique business development model and its prospects. This will allow us to consolidate our position in the capital market and to propel the Group’s projects to become the best professional wholesale shopping malls in Central China, and to at the same time provide lucrative returns for shareholders."
About Zall Development
Zall Development is a leading developer and operator of large-scale, consumer product-focused wholesale shopping malls, as well as commercial space provider, in China. Headquartered in Wuhan, Hubei province, Zall Development primarily engages in selling and leasing consumer product-focused wholesale market properties and other commercial spaces. The Company's major clients include suppliers, manufacturers, dealers and other small to medium sized local wholesale enterprises. Besides developing and operating wholesale market properties, Zall Development offers a comprehensive range of integrated logistics and trading facilities and services.
Zall Development's major projects and land bank are mainly located in Wuhan, Shenyang, and Changsha. Its property portfolio comprises wholesale market properties and commercial properties. The Company's flagship project, the North Hankou International Trade Center ("North Hankou"), is the largest consumer products interstate-trading platform in China. According to Savills, North Hankou is the largest consumer product focused wholesale market in terms of planned GFA with land use rights obtained in Central China, comprising more than twenty wholesale shopping malls that respectively focus on leather footwear, small household items, hotel products and supplies, cotton knitwear, apparel, home textiles and home appliances, international brands, general products, gift and accessories, and automobiles, just to name a few.
