HK-listed Ping An Healthcare climbs on acquisition plan

Ping An Healthcare and Technology Co

06/11/2019 03:16

** Shares of Ping An Healthcare and Technology Co Ltd
 1833.HK  rise as much as 4.9% to HK$53.80, snapping seven
consecutive sessions of decline
    ** The online medical and family doctor services firm says
its unit has agreed to buy an aggregate 20% stake in Shanghai
Hydee Software Corp Ltd for 131 mln yuan ($18.7 mln)
 urn:newsml:reuters.com:*:nFWN27L0DC
    ** Says Hydee Software is one the largest enterprise
resource planning (ERP) information service provider of pharmacy
channel in China, covering over 120,000 retail pharmacies
    ** As of Tuesday's close, the Shanghai-based company's stock
up 85.9% this year 
    ** The Hang Seng China enterprises index  .HSCE  eases 0.3%,
and the benchmark index  .HSI  slides 0.2%
    
    ($1 = 6.9981 Chinese yuan)

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