Ching Hing plans to acquire mainland clothes branded company to develop retail b

Yiu Kwok Ming Tommy, managing director of Ching Hing (Holdings) (0692), said the company planned to acquire some clothes branded companies in China mainland so as to develop the retail business in mainland. The company now had about HK$55 mln cash in hand and the debt-to-equity ratio was 27%, said Mu Yiu, adding the company did not rule out the possibility of making further placement to raise capital in case of further acquisition in the future.

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