VTech Joins the Hang Seng HK 35
Hong Kong – VTech Holdings Ltd (HKSE: 303) announced that it has become a constituent of the Hang Seng HK 35 today.
The Hang Seng HK 35 comprises the 35 largest companies listed in the Hong Kong market which derive the majority of their sales revenue (or profits or assets if more relevant) from areas outside mainland China. It is a tradable index reflecting the performance of large-cap Hong Kong companies.
"Our inclusion in the Hang Seng HK 35 is recognition of our strong financial position and the global nature of our business. Our interim results for the six months ended 30 September 2012 recorded a further increase in revenue and profit. We will continue to focus on product innovation and geographical expansion to drive growth, while managing costs and risks to enhance profitability," said Mr. Allan Wong, Chairman and Group CEO of VTech Holdings Limited.
VTech was established in Hong Kong in 1976. With state-of-the-art manufacturing facilities in mainland China, the Group currently has a presence in 11 countries and regions and over 33,000 employees, including around 1,500 R&D professionals in R&D centres in Canada, Hong Kong and mainland China. This network allows the Group to stay abreast of the latest technology and market trends throughout the world, while maintaining a highly competitive cost structure.
VTech is the world's largest manufacturer of cordless telephones and electronic learning products. It also provides highly sought-after contract manufacturing services. Founded in 1976, the Group's mission is to be the most cost effective designer and manufacturer of innovative, high quality consumer electronics products and to distribute them to markets worldwide in the most efficient manner.