Fountain Set to buy 81% stake in Vietnamese textile maker for US$27.95 million

• Fountain Set agreed to buy an 81% stake in Vietnam-based Lian-Ta-Hsing Company Limited (Vietnam) for US$ 27.95 million in cash.
• Target operates knit fabric production, dyeing, finishing, and related textile products in Tây Ninh Province, with land-use rights and manufacturing facilities.
• Payment split into three tranches: US$ 5.59 million deposit, US$ 16.77 million on completion, US$ 5.59 million retention for post-close obligations.
• On completion, the target becomes an indirect subsidiary with results consolidated; a vendor-designated minority shareholder will hold the remaining 19%.
• Target posted revenue of HK$ 67.68 million in 2025 with a loss of HK$ 14.62 million; net assets were HK$ 120.97 million at April 30, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fountain Set (Holdings) Limited published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260909-12326344), on September 09, 2026, and is solely responsible for the information contained therein.