HONG KONG, June 29 /PRNewswire-Asia-FirstCall/ -- China Cord
Blood Corporation (NYSE: CO; "the Company") today announced that it
joined the Russell Global Index after the market close on
Friday, June 25, 2010.
Membership in the Russell Global Index, which remains in place
for one year, means automatic inclusion in the appropriate indexes
as well as the applicable style, sector and country indexes.
Russell determines membership for its equity indexes primarily by
objective, market-capitalization rankings and style attributes.
Ms. Ting Zheng, China Cord Blood Corporation's Chairperson and
Chief Executive Officer, stated, "We are very pleased to have been
included in the Russell Global Index. Membership in this index will
increase our recognition among investors and is a direct result of
our efforts to increase liquidity and shareholder value. We believe
our membership in this index will help expand the potential
investor base and allow us greater visibility in the investment
community."
Russell indexes are widely used by investment managers and
institutional investors both to construct index funds and to
measure performance as benchmarks for passive and active investment
strategies. An industry-leading $39
trillion in assets are benchmarked to these indexes.
The Russell Global Index, which captures 98% of investable
securities globally, is reconstituted annually and all sub-indexes
are recalibrated simultaneously to accurately measure current
market realities for each market segment. These investment tools
originated from Russell's multi-manager investment business in the
early 1980s when the company saw the need for a more objective,
market-driven set of benchmarks in order to evaluate outside
investment managers.
About Russell
Russell Investments provides strategic advice, world-class
implementation, state-of-the-art performance benchmarks and a range
of institutional-quality investment products. Russell has
$179 billion in assets under
management as of March 31, 2010, and
serves individual, institutional and advisor clients in more than
40 countries. Founded in 1936, Russell is a subsidiary of The
Northwestern Mutual Life Insurance Company.
About China Cord Blood Corporation
China Cord Blood Corporation is the first and the largest cord
blood banking operator in China in
terms of geographical coverage and is the only cord blood bank
operator with multiple licenses (i.e., Beijing, Guangdong and Shandong). Under the current PRC government
regulations, only one licensed cord blood bank operator is
permitted to operate in each licensed region and only six licenses
have been issued as of today. China Cord Blood Corporation provides
cord blood collection, laboratory testing, hematopoietic stem cell
processing, and stem cell storage services. For more information,
please visit our website at http://www.chinacordbloodcorp.com .
Safe Harbor Statement
This press release contains forward-looking statements as
defined by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events, performance and
results of operations, and underlying assumptions and other
statements that are other than statements of historical facts.
These statements are subject to uncertainties and risks including,
but not limited to, product and service demand and acceptance,
changes in technology, economic conditions, the impact of
competition and pricing, government regulation, and other risks
contained in statements filed from time to time with the Securities
and Exchange Commission. All such forward-looking statements,
whether written or oral, and whether made by or on behalf of the
company, are expressly qualified by the cautionary statements and
any other cautionary statements which may accompany the
forward-looking statements. In addition, the company disclaims any
obligation to update any forward-looking statements to reflect
events or circumstances after the date hereof.
For more information, please contact:
China Cord Blood Corporation
Ms. Joeling Law
Tel: +852-3605-8180
Email: ir@chinacordbloodcorp.com
Integrated Corporate Relations, Inc.
In New York:
Ashley M. Ammon or Christine Duan
Phone: +1-646-277-1227
In Beijing:
Wei-Jung Yang
Phone: +86-10-6599-7968
SOURCE China Cord Blood Corporation