(June 18, 2017 – Hong Kong) Realord Group Holdings Limited (“Realord” or the “Company,” together with its subsidiaries collectively known as the “Group,” stock code: 1196.HK) is pleased to announce that the Group is included in the list of securities for Phase 2 of the Closing Auction Session (CAS) announced by Hong Kong Exchanges and Clearing Limited (HKEx), which will roll out in its securities market on next Monday, 24 July 2017.

 

The newly additions in the list of the phase 2, including Realord Group Holding Limited, are 150 constituents of Hang Seng Composite SmallCap Index (HSSI). The total 670 securities with CAS will accept at-auction, at-auction limit orders, and the regulated short selling orders during the session. The price of short selling orders cannot be lower than the CAS Reference Price at 4pm.

 

 

About the Closing Auction Session (CAS)

The current CAS is set up for the constituent stocks for indices and funds, to meet the market demand, to provide more efficient closing transactions to ensure the market’s normal operation, and to stabilize its price volatility. The launch of the Closing Auction Session means the trading hours will be extended for more ten minutes to close at 4:10 pm. The investors may set up at-auction and at-auction limit orders during the session.

 

The closing auction session is implemented into two phases. On 25 July 2016, constituents of the Hang Seng Composite LargeCap and MidCap Index, A/H stocks, and ETFs were the stocks applied with CAS in phase 1.

 

During the phase 2, the HSSI constituents were newly included in the list and some originally from the list were deleted due to the removal from the respective indices. What is more, the securities in the CAS list accept the regulated short selling orders. The launch of CAS enables to meet market demand that is convenient for investors, especially institutional investors and fund managers, for trade execution at securities’ closing prices

 

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