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: http://bit.ly/2oDcboh;

http://bit.ly/2nUw1hR

Further company coverage:

($1 = 6.8830 Chinese yuan renminbi)

($1 = 7.7723 Hong Kong dollars)

(Reporting by Hong Kong newsroom)