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BRIEF-Andon Health's unit to receive $25 mln investment from Xiaomi Ventures
September 18, 2014 / 1:47 PM / in 3 years

BRIEF-Andon Health's unit to receive $25 mln investment from Xiaomi Ventures

Sept 18 (Reuters) - China's Andon Health Co Ltd

* Says to invest $500,000 to set up iHealth Inc in Cayman Island

* Says Xiaomi Ventures Ltd to invest $25 million in iHealth Inc as strategic investor on areas such as e-commerce and cloud platform services

* Says plans to raise up to 810 million yuan (131.92 million US dollar) in private placement of shares

* Says shares to resume trading on September 19

Source text in Chinese:bit.ly/1r3EV4W ; bit.ly/XKLpeE ; bit.ly/1DlD6ql ; bit.ly/1reYj0q

Further company coverage: (1 US dollar = 6.1400 Chinese yuan) (Reporting by Hong Kong and Singapore newsrooms)

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