Reuters logo
BRIEF-Tsinghua Tongfang's 2016 profit up, to buy China Medical & Healthcare's stake
April 17, 2017 / 12:20 PM / in 7 months

BRIEF-Tsinghua Tongfang's 2016 profit up, to buy China Medical & Healthcare's stake

April 17 (Reuters) - Tsinghua Tongfang Co Ltd

* 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 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: bit.ly/2oDcboh; bit.ly/2nUw1hR

Further company coverage: ($1 = 6.8830 Chinese yuan renminbi) ($1 = 7.7723 Hong Kong dollars) (Reporting by Hong Kong newsroom)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below