Slaughter and May is advising Shangtex on its pre-conditional offer to acquire Luen Thai

Slaughter and May, Hong Kong, is advising Shangtex Holding Co., Ltd. (Shangtex) and its wholly-owned subsidiary, Shangtex (Hong Kong) Limited, on its pre-conditional voluntary general offer to acquire all the shares in Luen Thai Holdings Limited (Luen Thai).

Shangtex has a leading textile manufacturing and trading business in China. The Shanghai State-owned Assets Supervision and Administration Commission holds a controlling interest in Shangtex.

Luen Thai is listed on the Main Board of the Hong Kong Stock Exchange and is principally engaged in apparel and accessories manufacturing, retail sales and trading of apparel and accessories and the business of freight forwarding and logistics and real estate development.