In January 2002, speculators in the financial community suspected that Ha Chung Fong, Chairman of the fountain (Holdings) Ltd, may be in the mood to review the previous proposal to privatize the company. Ha was unhappy with the trading volume meter, and some managers of the company also believes that the stock price does not reflect its true value. In 1995, the fountain trying to privatize by arrangement under section 166 of the company regulations. This scheme was later abandoned due to the difficulty in reaching an agreement between the consortium of shareholders, as well as problems in determining the share holders of the convertible debentures of the company. Convertible bonds maturing in 1999, financial analysts believe that the privatization of the company will not be as difficult as in 1995. "Hide
Su Han Chan, Ko Wang, Maria Ho Source: University of Hong Kong, 14 pages. Publication Date: April 30, 2002. Prod. #: HKU209-PDF-ENG
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