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BRIEF-Tianjin Songjiang to return to net profit in Q1, to buy tech firm
April 6, 2017 / 12:20 PM / 6 months ago

BRIEF-Tianjin Songjiang to return to net profit in Q1, to buy tech firm

April 6 (Reuters) - Tianjin Songjiang Co Ltd

* Says it returns to net profit of 423.3 million yuan ($61.38 million) in Q1 versus net loss of 360.2 million yuan year ago

* Says it plans to buy 80 percent stake in technology firm for 1.2 billion yuan by cash

Source text in Chinese: bit.ly/2oEGhKT; bit.ly/2nfNMrI

Further company coverage: ($1 = 6.8965 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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