Healthcare firm Beijing Enterprises Medical near 6-mth high, mulls deals

Beijing Health (Holdings)

15/05/2019 03:31

** Shares of Beijing Enterprises Medical and Health Industry
Group Ltd  2389.HK  surge as much as 17.5% to HK$0.275, the
highest since November 27, 2018
    ** Stock ranks 4th biggest percentage gainer in early trade 
    ** The healthcare service provider intends to buy certain
equity interests in medical extracts producer Weed Me Inc as it
aims to diversify its business portfolio and open up more
sources of income  urn:newsml:reuters.com:*:nFWN22Q0R3
    ** As of last close, the stock had risen 1.3% so far this
year
    ** Beijing Enterprises Medical has underperformed the Hang
Seng Commerce & Industry Index sector  .HSNC  by 0.4 percentage
points in the past one month
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
and the Hang Seng China enterprises index  .HSCE  both climbs
0.6%

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)