HK healthcare firm S.Culture jumps as co forms alliances to expand business

TATA Health International Holdings

04/10/2019 05:14

** Shares of healthcare products trader and financial
services provider S. Culture International Holdings Ltd
 1255.HK  surge as much as 10% to HK$9.76, highest since Sept 16
    ** Co says it forms a strategic alliance with Shanghai
Branch of the Industrial and Commercial Bank of China Ltd for a
term of 5 years to expand its financial services offered and
strengthen its online healthcare business  urn:newsml:reuters.com:*:nFWN26O0EJ
    ** Says it enters into strategic cooperation with Guoyao
Online Health, Shanghai Pharmaceutical and Beijing Ehaoyao to
develop businesses in drug delivery, e-commerce prescription,
health big data, smart hospital and medical systems  urn:newsml:reuters.com:*:nFWN26O09E
    ** As of Thursday's close, stock had risen 277.5% this year
    ** S. Culture has outperformed the Hang Seng Commerce &
Industry Index sector  .HSNC  by 7.8 percentage points in the
past month
    ** The Hang Seng Commerce & Industry Index sector  .HSNC 
falls 0.7%
    ** The Hang Seng China enterprises index  .HSCE  slides
0.4%, and the benchmark index  .HSI  eases 0.5%

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