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April 10, 2012

HONG KONG: Fountain Set sells 34% stake to Chinatex

Hong Kong listed knitted fabric manufacturer Fountain Set (Holdings) Ltd is selling a 34% stake in its business to China's state-owned cotton trader Chinatex Corp for HKD511.3m (US$65.8m).

By Leonie Barrie

Hong Kong listed knitted fabric manufacturer Fountain Set (Holdings) Ltd is selling a 34% stake in its business to China’s state-owned cotton trader Chinatex Corp for HKD511.3m (US$65.8m).

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