Slaughter and May has advised Stelux Holdings International Limited in relation to the strategic disposal of its optical retail, optical wholesale and related healthcare businesses in Hong Kong, Macau, the PRC, Singapore, Malaysia and Thailand to Mr. Chumphol Kanjanapas (also known as Joseph C.C. Wong).
Joseph C.C. Wong is Stelux’ Chairman, CEO and controlling shareholder. The base consideration for the disposal is HK$400 million.
Stelux currently operates its Optical Business under the “Optical 88”, “eGG” and “Thong Sia” brands.
Slaughter and May advised on the deal with a team led by David Watkins (partner, in picture) and Roger Cheng (partner), assisted by Adrienne Yeung (associate), Pariya Rojtanongchai (associate), Sondra Wong (associate), Jonathan Kwok (trainee).
Involved fees earner: David Watkins – Slaughter and May; Roger Cheng – Slaughter and May; Adrienne Yeung – Slaughter and May; Pariya Rojtanongchai – Slaughter and May; Sondra Wong – Slaughter and May; Jonathan Kwok – Slaughter and May;
Law Firms: Slaughter and May;
Clients: Stelux Holdings International Limited;