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2003-7-31 09:48:00 a.m. HKT, XFNA
HK-listed South China Industries' unit to buy agriculture ops for 10 mln hkd
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HONG KONG (AFX-ASIA) - South China Industries Ltd (413.HK) said its
indirect unit South China Strategic Ltd has agreed to take over Spring Joy
Industrial Ltd from South China Agriculture Ltd for 10 mln hkd.
South China Agriculture is an indirect unit of South China Holdings (265.
HK), which holds a 74.74 pct stake in South China Industries.
Spring Joy owns Guangdong Huaxing Fruit Development Co Ltd, which sells
agricultural produce, mainly lychee and longan fruits in China.
(1 usd = 7.8 hkd)
wilfred.lee@afxasia.com
wl/skb
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