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China Resources to sell medical equipment arm

Industrial conglomerate China Resources (Holdings) Co Ltd will exit the medical equipment market by selling a controlling stake in a subsidiary, it said Monday. China Resources Wandong Medical Equipment Co Ltd said in a statement to the Shanghai Stock Exchange that its parent, China Resources, plans to step back from the medical equipment business and transfer its 111.5 million shares in the company.

Vanke approved to convert its B shares to H shares