Ching Hing to take 66.0 pct stake in South Field for 10.0 mln hkd

HONG KONG (AFX-ASIA) - Ching Hing (Holdings) Ltd said it has agreed to acquire from Huson Holdings Ltd a 66.0 pct stake in South Field (Pacific) Ltd for 10.0 mln hkd.	    Huson Holdings will receive 6.0 mln hkd in cash and 9.30 mln new shares in Ching Hing at a per-unit price of 0.43 hkd, it said.	    The new shares will represent 4.65 pct and 4.44 pct of the existing and enlarged capital of the company respectively, it said.	    South Field, which is engaged in the trading of textiles and clothing for the U.S. market, will help diversify the income source of Ching Hing, the statement said.	    Ching Hing last traded at 0.43 hkd. 

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