Chinese medicine retailer and manufacturer Nam Pei Hong (Holdings) has closed three loss-making investments in China. The closures - which include Hui Ning Supermarket Co, Double Swallow Co in Nanjing and a mushroom-growing yard in Guangdong province - have resulted in a $9.3 million one-off provision. Nam Pei Hong was acquired by rival Chinese medicine retailer Tung Fong Hung (Holdings) in July. The provision, in addition to the closure of six retail outlets in Hong Kong and an earlier unsuccessful takeover bid by Tung Fong Hung in September last year, resulted in an exceptional loss of $15.1 million. Chairman Sum Yuk-biu said the company was considering merging its outlets with Tung Fong Hung, but nothing had been agreed yet. He said the company would concentrate on its Hong Kong operations this year. The group is scheduled to open a $50 million pharmaceutical production plant in Yuen Long.