Slaughter and May advised Stelux Holdings in relation to its disposal of its optical retail, optical wholesale and related healthcare businesses in Asia
Slaughter and May, Hong Kong, advised Stelux Holdings International Limited (Stelux) 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.