BEIJING, June 30, 2014 /PRNewswire/ -- China Distance
Education Holdings Limited (NYSE: DL) ("CDEL", or the "Company"), a
leading provider of online education in China focusing on professional education,
today announced that the Company was added to the Russell Global
Index effective June 27, 2014.
"We are pleased to have earned inclusion in this well-know and
widely followed market index, which reflects the shareholder value
we have added over the past 12 months. Inclusion in the Russell
Global Index will further raise awareness of our company and expand
our potential investor base, as it is widely used by the investment
community," said Mr. Zhengdong Zhu,
the Chairman and CEO of CDEL.
The Russell Global Index, which captures approximately 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.
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for
active investment strategies. Approximately $5.2 trillion in assets currently are benchmarked
to them.
About Russell
Russell Investments (Russell) is a global asset manager and one
of only a few firms that offers actively managed multi-asset
portfolios and services that include advice, investments and
implementation. Russell stands with institutional investors,
financial advisors and individuals working with their
advisors—using the firm's core capabilities that extend across
capital market insights, manager research, portfolio construction,
portfolio implementation and indexes to help each achieve their
desired investment outcomes.
Russell has more than $259 billion
in assets under management (as of 3/31/2014) and works with over
2,500 institutional clients, independent distribution partners and
individual investors globally. As a consultant to some of the
largest pools of capital in the world, Russell has $2.4 trillion in assets under advisement (as of
6/30/2013). It has four decades of experience researching and
selecting investment managers and meets annually with more than
2,200 managers around the world. Russell traded more than
$1.6 trillion in 2013 through its
implementation services business. Russell also calculates
approximately 700,000 benchmarks daily covering 98% of the
investable market globally, including more than 80 countries and
more than 10,000 securities. Approximately $5.2 trillion in assets are benchmarked (as of
12/31/2013) to the Russell Indexes, which have provided investors
with 30 years of smarter beta.
About China Distance Education Holdings Limited
China Distance Education Holdings Limited is a leading provider
of online education in China
focusing on professional education. The courses offered by the
Company through its websites are designed to help professionals and
other course participants obtain and maintain the skills, licenses
and certifications necessary to pursue careers in China in the areas of accounting, healthcare,
E&C, and other industries. The Company also offers other
professional education courses for the national judicial
examination, English proficiency test for professionals, computer
application skills, and other occupational certifications or
skills, online test-preparation courses for self-taught learners
pursuing higher education diplomas or degrees, test preparation
courses for university students intending to take the nationwide
graduate school entrance exam, and online language courses. For
further information, please visit http://ir.cdeledu.com.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "may," "should," "potential," "continue," "expect,"
"predict," "anticipate," "future," "intend," "plan," "believe,"
"is/are likely to," "estimate" and similar statements. The Company
may also make written or oral forward-looking statements in its
periodic and annual reports to the SEC, in press releases and other
written materials and in oral statements made by its officers,
directors or employees to third parties. Statements that are not
historical facts, including statements about the Company's beliefs
and expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. A number of
factors could cause actual results to differ materially from those
contained in any forward-looking statement, including but not
limited to the following: our goals and growth strategies; our
future prospects and market acceptance of our courses and other
products and services; our future business development and results
of operations; projected revenues, profits, earnings and other
estimated financial information; projected enrollment numbers; our
plans to expand and enhance our courses and other products and
services; competition in the education and test preparation
markets; and changes in PRC laws, regulations and policies,
including those applicable to the Internet and Internet content
providers, the education and telecommunications industries, mergers
and acquisitions, taxation and foreign exchange.
Further information regarding these and other risks is included
in the Company's annual report on Form 20-F and other documents
filed or furnished with the SEC. All information provided in this
press release is as of the date of this press release. The Company
does not undertake any obligation to update any forward-looking
statement, except as required under applicable law.
Contacts:
China Distance
Education Holdings Limited
|
The Piacente Group |
Investor Relations
|
Lingling Kong, IR
manager |
Brandi
Piacente |
Tel: +86-10-8231-9999
ext1805 |
Tel: +1
212-481-2050 |
Email:
IR@cdeledu.com
|
Email:
dl@tpg-ir.com
|
SOURCE China Distance Education Holdings Limited