Luk Fook Holdings (International) Limited (SEHK:590) agreed to acquire 24.103391% stake in Hong Kong Resources Holdings Company Limited (SEHK:2882) from Wang for HKD45.5 million on July 28, 2023. Completion is subject to a disposal agreement being entered into simultaneously with the SPA. Optima Capital Limited acted as financial advisor to Luk Fook Holdings (International) Limited (SEHK:590).

Nuada Limited acted as financial advisor to Hong Kong Resources Holdings Company Limited (SEHK:2882). Christina Lee, Bonnie Lau and George Lam, Michael Chau of Baker & McKenzie Hong Kong acted as a legal advisor to Luk Fook Holdings (International) Limited (SEHK:590).