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SCMP Reporter

SUN Hung Kai International (SHK) said acceptances for a cash offer for Fountain Set (Holdings) represented about 11.06 per cent of the company, lifting total acceptances over the 75 per cent threshold.

  It said it had not received acceptances for an offer to acquire the outstanding 2.5 per cent of the US$38 million convertible guaranteed notes.

  SHK is acting for Super Brilliance Co, GS Capital Partners (Asia), IP and Affiliates, Longjoy Development and Value Partners. The offer will be made unconditional.



Acceptances above 75pc