Vintage Velveteen Dancing Santa Made in Hong Kong

Here's a delightful vintage Dancing Santa seeking a new forever home.
This old jolly guy was made in Hong Kong, my guess early 60's.
He's wearing velveteen, it's somewhat dusty from storage with a few knicks in the velveteen suit.
*NOTE it has a hole in the velveteen fabric at the knee area. (This is not that visible, as the body itself is red in color.)
The beard is soft and the face is of a harder plastic material.
Overall he's in good vintage condition and still stands on his own at 12" high with a big 20" round belly.