CABC Homepage
New Customer | Sign In
List of Popular Cases Newly Released Cases Faculty of Business and Economics Institutional Users Home Site Map
Advanced Search
Topic Index
Industry & Company Index
Most Popular Cases
Newly Released Cases
SME Cases Series
China Cases Series
India Cases Series
IT Industry Transformation Series
Cases in Chinese
Cases in Other Languages
Project SARS Rebound
Case Details:
Email to a friend
Fountain Set (Holdings) Limited: Privatise or Stay Public?  
Product Ref: 02/143C Company: Fountain Set (Holdings) Limited

Product Type: Case Industry: Consumer Goods

Related Product(s): Teaching Note
Authors: Ko Wang   Su Han Chan   Mary Ho
In January 2002, speculators in the finance community suspected that Ha Chung Fong, Chairman of Fountain Set (Holdings) Limited ("Fountain Set"), might be in the mood to reconsider a previous proposal to privatise the Company. Ha was dissatisfied with the counter's trading volume, and some managers of the firm also believed that the share price did not reflect its true value. In 1995, Fountain Set had attempted to privatise by way of a Scheme of Arrangement under Section 166 of the Companies Ordinance. The scheme was later abandoned due to difficulties in reaching an agreement between the Company's consortium shareholders and also problems in ascertaining the proportion of the holders of the Company's convertible notes. With the redemption of the convertible notes in 1999, financial analysts believed that privatising the Company would not be as difficult as in 1995.
Functional Area : Finance & Investments

Issues: Privatisation, De-listing
Length: 13 pages Country: Hong Kong SAR

Pub. Year: 2002 Level of Difficulty: 2
This product type is available in the following language(s):      English
Related Information: N/A
This case is UGC funded.
Order This Item
Type Language Quantity * Unit Price
Case (02/143C) HK$58 / US$7.5
* Order quantity should include copies that you plan to make
   for class use or distribute for other purposes.
   You will not be shipped hard copies for cases.