China Resources Medical at all-time low; in new hospital deal

China Resources Medical Holdings

26/10/2018 06:24

** Shares of pharmaceuticals and hospital services group
China Resources Medical Holdings Co Ltd  1515.HK  fall 7.6 pct
to HK$5.60, the lowest since listing in November 2013
    ** The stock is set for its fourth consecutive session of
decline  
    ** Co says its unit will team up with China Energy
Engineering Group Assets Management to establish a medical
investment and operation platform as it aims to reform and
restructure four hospitals with 685 beds in total  urn:newsml:reuters.com:*:nFWN1X511Q
    ** Deal will strengthen its hospital network in Beijing and
Guangzhou while expanding into Southwest China, generating
stable income for the firm, China Resources Medical says 
    ** As of the last close, the stock has fallen 38.5 percent
so far this year
    ** China Resources Medical has underperformed the Hang Seng
Utilities Index sector  .HSNU  by 10.2 percentage points in the
past month
    ** The Hong Kong benchmark index  .HSI  falls 1.4 pct

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