Hang Seng Index

Red-chip index loses 7 counters

PUBLISHED : Thursday, 13 May, 1999, 12:00am
UPDATED : Thursday, 13 May, 1999, 12:00am

Seven stocks will be removed from the red-chip index on May 31.

HSI Services, which compiles the index, said the seven were Beijing Development, Guangdong Tannery, Gzitic Hualing Holdings, Oriental Metals (Holdings), Shenyin Wanguo, Shougang Concord Century Holdings and Shougang Concord Grand (Group).

The red-chip index will have 41 constituent stocks after the changes.

Four stocks will join the Hang Seng 100 index - International Bank of Asia, Leading Spirit (Holdings), Li & Fung and VTech Holdings, replacing Henderson China Holdings, Nam Fong International Holdings, Oriental Press Group and Pacific Plywood Holdings.