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SCMP Reporter

DIRECTORS of Fountain Set (Holdings) say they are closer to agreeing to a privatisation package for the firm.

  Since the proposal was announced on May 9, a consortium led by chairman Ha Chung-fong with fund manager Value Partners has been negotiating funding, the firm's announcement said.

  The agreement is expected to be ready by September 21.



Global fund managers win China approval to launch onshore funds as country opens up market

Fountain's package