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

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April 17 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)

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