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Stelux Holdings to pay special div $0.19 after biz sale 
Stelux Holdings (00084) has agreed to sell the entire issued share capital of Optical 88 Group, eGG Optical Boutique and Thong Sia Optical Group and receivables to Bright Odyssey and sell all of the issued ordinary shares in Optical 88 (Thailand)) to Mr. Chumphol Kanjanapas for a total purchase price of HK$400 million.

Optical 88 Group, eGG Optical Boutique, Thong Sia Optical Group and Optical 88 (Thailand) operate optical business which comprises the entirety of the Optical 88 Group and eGG Optical Boutique retail operations and the Thong Sia Optical Group wholesale trading business, the operations of which span across Hong Kong, Macau, the PRC, Singapore, Malaysia and Thailand.

Stelux Holdings expects HK$57 million gain from the disposal. Stelux Holdings believes the disposal will allow it to focus on the operation and development of the remaining business, which includes the CITY CHAIN watch retail business, and watch wholesale trading business, with business operations spanning Hong Kong, the PRC, Macau, Malaysia, Singapore, Thailand and Switzerland, including strengthening its position as a pan-Asian lifestyle-oriented fast fashion accessory business.

The board of Stelux Holdings has declared a conditional special distribution in cash of HK$0.19 per share to be payable out of part of the proceeds from the disposal.

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