Weerawong, Chinnavat & Peangpanor Ltd. has advised Rich Asia Steel Plc, a leading manufacturer, trader and distributor of steel products in Thailand, in respect of the sale of shares in its subsidiary, Thai National Products Co Ltd, to Dr Phasin Suebsubanunt, Thiti Kittipattananon and Duendara Limthanakul for approximately β540 million (US$16.4m). The sale of shareholders equity is a strategic step in business restructuring and corporate spin-off. The transcation was completed on 3 December 2014.

The Weerawong C&P team was led by partner Weerawong Chittmittrapap and senior associate Panuwat Chalongkuamdee.