November 27, 2009 (FinancialWire) City Telecom Ltd. (City Telecom) (HKSE: 1137) (NASDAQ: CTEL) announced that the company will be included as a constituent of the MSCI Hong Kong Small Cap Index (Index), effective 30 November 2009.
This inclusion signifies that City Telecom has met global standards in terms of full company market capitalization, free float-adjusted market capitalization and all additional liquidity requirements.
During the November 2009 Semi-Annual Index Review, City Telecoms full market capitalization of $237mn and free float-adjusted market capitalization of $106mn are far more above the minimum company full market capitalization of $151mn and free float-adjusted market capitalization of $76mn requirements for the Index; this contributed to its inclusion into the MSCI Hong Kong Small Cap Index.
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