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** Shares of Want Want China Holdings Ltd fall 5.6% to HK$5.61, the biggest intraday percentage decline since Jan. 29, after the Chinese rice cracker and beverage producer reports its yearly results which is in line with street view

** Stock sinks to the lowest since May 27 and on course to snap two straight sessions of gains

** Shanghai-based company posted a 13.9% year on year rise in net profit for year ended March at 4.16 bln yuan ($643.19 mln) while revenue grew 9.5% 22 bln yuan ()

** Company says it will focus on developing overseas market, diversify its distribution channels and increases points of sales coverage in the year ahead ()

** Says its Vietnam production base is expected to commence operations in fiscal 2021

** The Hong Kong composite Industry Index tracking consumer staples slides 0.5%

** The Hang Seng China enterprises index slips 0.4%, and the benchmark index eases 0.2%

** As of last close, the stock had risen 5.9% this year