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4-Traders Homepage  >  Equities  >  Nasdaq  >  China Information Technology, Inc.    CNIT   VGG211741001

CHINA INFORMATION TECHNOLOGY, INC. (CNIT)
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China Information Technology, Inc. : Quarterly Changes to the NASDAQ Golden Dragon China Index

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12/18/2013 | 09:02am CET


NEW YORK, Dec. 16, 2013 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (NDAQ) today announced the results of the quarterly re-ranking of the NASDAQ Golden Dragon China Index (Nasdaq:HXC), which will become effective prior to market open on Monday, December 23, 2013.

The following nine securities will be added to the Index: Bona Film Group Limited (BONA), China Green Agriculture, Inc. (CGA), China Information Technology, Inc. (CNIT), China Recycling Energy Corporation (CREG), China XD Plastics Company Limited (CXDC), China Distance Education Holdings Limited (DL), Jinpan International Limited (JST), Kingold Jewelry, Inc. (KGJI) and eLong, Inc. (LONG).

The Index is designed to provide insight and access to the unique economic opportunities taking place in China while still providing the transparency offered with U.S. listed securities.

As a result of the re-ranking, the following four securities will be removed from the Index: China HGS Real Estate, Inc. (HGSH), Pactera Technology International Ltd. (PACT), RDA Microelectronics, Inc. (RDA) and Yongye International, Inc. (YONG).

About NASDAQ OMX Global Indexes

NASDAQ OMX Global Indexes has been creating innovative, market-leading, transparent indexes since 1971. Today, our index offering spans geographies and asset classes and includes diverse families such as the Dividend Achievers, Global, Nordic, Green Economy, Sharia and Commodity Indexes. We continuously offer new opportunities for financial product sponsors across a wide-spectrum of investable products and for asset managers to measure risk and performance. NASDAQ OMX Global Indexes also provides custom index services and design solutions to selected financial organizations. For more information about NASDAQ OMX Global Indexes, visit indexes.nasdaqomx.com.

Daily index values, weightings and historical data for NASDAQ OMX indexes are available via NASDAQ OMX Global Index Watch and NASDAQ OMX Global Index Data Service.

About NASDAQ OMX Group

NASDAQ OMX (NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents. Through its diverse portfolio of solutions, NASDAQ OMX enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 80 marketplaces in 50 countries, and approximately 1 in 10 of the world's securities transactions. NASDAQ OMX is home to more than 3,300 listed companies with a market value of over $7 trillion and more than 10,000 corporate clients. To learn more, visit www.nasdaqomx.com.

The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular financial product or an overall investment strategy. Neither The NASDAQ OMX Group, Inc. nor any of its affiliates makes any recommendation to buy or sell any financial product or any representation about the financial condition of any company or fund. Statements regarding NASDAQ's proprietary indexes are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.

NDAQG

Contact:
Media Contact: Wayne Lee, NASDAQ OMX
+1.301.978.4875
Issuer & Investor Contact: Natasha Selzer, NASDAQ OMX
+1.301.978.8623

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Financials ($)
Sales 2011 172 M
EBIT 2011 47,2 M
Net income 2011 -
Debt 2011 -
Yield 2011 -
P/E ratio 2011 -
P/E ratio 2012 -
Capi. / Sales 2011 0,49x
Capi. / Sales 2012 -
Capitalization 83,7 M
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Jiang Huai Lin Chairman & Chief Executive Officer
Zhi Qiang Zhao President, Chief Financial Officer & Director
Zhi Xiong Huang Chief Operating Officer
Guang Zeng Chen Chief Technology & Product Officer
Yun Sen Huang Independent Director
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