China North East Petroleum (NEP) to Join Russell Microcap Index, Increase Visibility
China North East Petroleum Holdings Ltd., a leading independent oil producing and oilfield services company in Northern China, is set to join the Russell Microcap® Index on June 24, according to a preliminary list of additions recently posted on www.russell.com/indexes. China North East will hold membership in the index for the standard one-year placement, which will ensure its automatic inclusion in the respective growth and value style indexes. Russell considers membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes. Jingfu Li, CEO of China North East Petroleum, said the listing on the index marks a significant…