Newsroom
Press Release  
2004

OOIL is pleased to announce that it is to be included in the Morgan Stanley Capital International Inc. (“MSCI”) Standard Index Series.

OOIL has been selected as one of the three HK companies to be added to the MSCI as the representation target of the industry group level as of May 28, 2004.

Morgan Stanley Capital International Inc. (MSCI) is a leading provider of equity (international and US), fixed income hedge fund indices. MSCI has provided global equity indices for the last 30 years. The indices have become the most widely used international equity benchmarks by institutional investors as benchmarks and research tools and as a basis for various investment vehicles. In constructing these indices, MSCI consistently applies its index construction and maintenance methodology across 23 developed and 27 emerging markets to create meaningful composite, regional, sector and industry benchmarks.

MSCI targets an 85% free float-adjusted market representation level within each industry group, within each country. The security selection process within each group is based on the careful analysis of:

  • The Company’s business activities and the diversification that its securities would bring to the index.

  • The size (based on free float-adjusted market capitalization) and liquidity of securities. All other things being equal, MSCI targets for inclusion the most sizable and liquid securities in an industry group.

  • The estimated free float for the company and its individual share classes. Only securities of companies with an estimated overall and/or security free float grater than 15% are, in general, considered for inclusion.