Differ Group (06878) 1H net up 3.4% to Rmb73.58m; no div

    Differ Group (06878) said its profit attributable to owners for the six months ended 30 June 2017 rose 3.4% year-on-year to Rmb73.58 million.
  Basic and diluted earnings per share were Rmb1.74 cents.
  Turnover amounted to Rmb152 million, an increase of 14.4% from a year earlier.
  No interim dividend will be distributed.
  Differ Group also said it agreed to form a joint venture company with Tsingstone Capital Management (Hong Kong) Limited and two other independent third parties. The JV will act as the fund manager of a USD-denominated fund which will be established and operated by the JV. The name of the fund will be Qing Feng Hui USD Fund and the target fund-raising amount is US$50 million in aggregate. The investment target of the fund will be businesses of the information technology sector.
  Tsingstone Capital HK was established in Hong Kong and is a wholly-owned subsidiary of Tsingstone Capital. Tsingstone Capital was established in the PRC and is an associate of Tsinghua Asset Management, a company established in the PRC with limited liability and principally engages in investment, management and operation of financial assets and business.