Brief: Tsinghua Tongfang's 2016 profit up, to buy China Medical & Healthcare's stake

Tian An Medicare

17/04/2017 13:05

April 17 (Reuters) - Tsinghua Tongfang Co Ltd  600100.SS  
    * Says 2016 net profit up 241.0 percent y/y at 4.3 billion 
yuan  ($624.73 million) 
    * Says it plans to buy 27.6 percent stake in China Medical & 
Healthcare Group Ltd  0383.HK  for HK$1.8 billion  ($231.59 
million) from Vigor Online Offshore Ltd 
    * Says it will become China Medical & Healthcare's biggest 
shareholder after transaction 
 
 
    Source text in Chinese: http://bit.ly/2oDcboh; 
http://bit.ly/2nUw1hR 
    Further company coverage:  600100.SS  0383.HK  
 
($1 = 6.8830 Chinese yuan renminbi) 
 
($1 = 7.7723 Hong Kong dollars) 
 
 (Reporting by Hong Kong newsroom) 
 ((hongkong.newsroom@thomsonreuters.com;)(8610)(6627-1277; 
Reuters Messaging: min.zhang@thomsonreuters.com))