1957 & Co. (Hospitality) Ltd. has announced that its subsidiary, 1957 & Co. (Hospitality) HK Limited, has entered into a non-legally binding Memorandum of Understanding (MOU) with Scorching Dragon International Group Limited regarding a possible disposal. The MOU outlines the intention for 1957 & Co. to dispose of certain sale shares, with Scorching Dragon expressing interest in acquiring them. The target company involved is a limited liability company based in Hong Kong, wholly owned by 1957 & Co., and primarily operates a franchised business. The consideration for the potential sale is still subject to further negotiations between the parties.
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