April 13, 2018 / 11:28 AM / 2 months ago

BRIEF-Xiamen Xiangyu To Buy Stake In Logistics Firm, Sees Q1 Net Profit Up

* SAYS IT EXPECTS Q1 NET PROFIT TO RISE 52-72 PERCENT Y/Y VERSUS 138.0 MILLION YUAN ($21.98 million) YEAR AGO

* SAYS IT PLANS TO BUY 20 PERCENT STAKE IN LOGISTICS FIRM FOR 316.2 MILLION YUAN, WILL OWN 60 PERCENT STAKE IN THE FIRM AFTER TRANSACTION Source text in Chinese: bit.ly/2qvg2Ft; bit.ly/2EIxVpd Further company coverage: ($1 = 6.2793 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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