B Grimm Power added to FTSE Asia Pacific large-cap index
Energy generator B Grimm Power (BGRIM) will on September 18 be added to the list of companies on the FTSE Global Equity Index Series Asia Pacific Ex Japan and Ex China in the category of Large Cap Index.
The selection and decision to upgrade BGRIM from the Mid Cap to the Large Cap category reflected investors’ confidence in the company’s performance and business strategy, said B Grimm Power president Preeyanart Soontornwata. It could also enhance the firm’s liquidity and market cap while being selected in the new category was a positive sign for both retail and institutional investors, she added.
BGRIM has also been chosen to join the FTSE4Good Index Series designed to measure sustainability standards, the MSCI ESG index (with a BBB rating), the Thailand Sustainability Investment list (THSI) and the ESG 100 group. The company says the selections reflect B Grimm Power’s strong focus on environmental, social and governance (ESG) principles to create long-term value for all stakeholders.
