1957 & Co. Says Purchaser Refuses to Complete Akanoshou Restaurant Sale

Reuters

Jan 09

1957 & Co. Says Purchaser Refuses to Complete Akanoshou Restaurant Sale

1957 & Co. (Hospitality) Ltd. provided an update regarding the previously announced disposal of its Akanoshou restaurant business in Causeway Bay. Although all conditions precedent to the business transfer agreement were stated as fulfilled, the purchaser sent a letter on 31 December 2025 alleging non-compliance with certain conditions and refused to complete the transaction. Despite multiple discussions, the transaction did not proceed to completion by the long stop date. The company is currently seeking legal advice and considering actions to protect its rights under the agreement. According to the board, the purchaser’s failure to complete the deal is not expected to have a material adverse impact on the group’s current operations or financial position.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 1957 & Co. (Hospitality) Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260109-11986786), on January 09, 2026, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Says Purchaser Refuses to Complete Akanoshou Restaurant Sale","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      1957 &amp; Co. Says Purchaser Refuses to Complete Akanoshou Restaurant Sale\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        1957 &amp; Co. (Hospitality) Ltd. provided an update regarding the previously announced disposal of its Akanoshou restaurant business in Causeway Bay. Although all conditions precedent to the business transfer agreement were stated as fulfilled, the purchaser sent a letter on 31 December 2025 alleging non-compliance with certain conditions and refused to complete the transaction. Despite multiple discussions, the transaction did not proceed to completion by the long stop date. 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ID: HKEX-EPS-20260109-11986786), on January 09, 2026, and is solely responsible for the information contained therein.</span></i>\n</p>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1233","symbol_name":"餐馆","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260109:nNDL2lZCsm:1","article_id":"2602137812","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2602137812","pubTimestamp":1767960080,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"1957 & Co.  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Despite multiple discussions, the transaction did not proceed to completion by the long stop date. The company is currently seeking legal advice and considering actions to protect its rights under the agreement. According to the board, the purchaser’s failure to complete the deal is not expected to have a material adverse impact on the group’s current operations or financial position.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 1957 & Co. (Hospitality) Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. 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