April 12, 2017 / 11:45 AM / 4 months ago

BRIEF-Techfaith reports 2H and full year 2016 financial results

April 12 (Reuters) - China Techfaith Wireless Communication Technology Ltd

* Techfaith reports its unaudited 2H and full year 2016 financial results, and the sale of certain Beijing real estate assets

* China Techfaith Wireless Communication Technology Ltd - entered into a share transfer agreement with Beijing Hongkungu Investment Company Limited

* China Techfaith Wireless Communication Technology Ltd - "we expect macro environment to remain challenging in 2017"

* China Techfaith Wireless - Infoexcel to sell 100% equity interest in Techfaith Intelligent Handset Technology (Beijing) Ltd for consideration of RMB1 billion

* China Techfaith Wireless - Techfaith Intelligent Handset Technology (Beijing) also acquired certain land use rights related to piece of land in Beijing Source text for Eikon: Further company coverage:

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