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:;

Further company coverage:

($1 = 6.8965 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)