LONDON (5 June 2012) ― Dow Jones Indexes, a leading global index provider, today announced that Hong Kong’s Alibaba.com Limited will be removed from the Dow Jones Islamic Market China/Hong Kong Titans 30 Index due to its acquisition by Alibaba Group Holding Limited.
Alibaba.com Limited will be replaced by Brilliance China Automotive Holdings Limited. Headquartered in Shenyang, China, Brilliance China Automotive Holdings Ltd. is engaged in manufacture and sale of minibuses and automotive components.
The changes in the Dow Jones Islamic Market China/Hong Kong Titans 30 Index will be effective as of the open of trading on Friday, June 8, 2012.
The Dow Jones Islamic Market China/Hong Kong Titans 30 Index measures the performance of the 30 largest companies whose primary operations are in mainland China and Hong Kong but whose stocks trade on the Stock Exchange of Hong Kong. The components of the index must pass rules-based screens for Shari`ah compliance.