---
title: "1957 & Co. completes settlement on Causeway Bay Akanoshou asset disposal, retains HK$2.65 million balance"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296097978.md"
description: "1957 & Co. completed the settlement regarding the disposal of its Causeway Bay Akanoshou restaurant business. Despite pending government license processing, a confirmation letter signed on August 17, 2026, finalized the arrangement. HKD 350,000 was paid as the final settlement from withheld consideration, and the remaining HKD 2.65 million balance was released to the vendor. Both parties mutually and irrevocably released all liabilities, ending disputes linked to the transaction."
datetime: "2026-08-17T11:30:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296097978.md)
  - [en](https://longbridge.com/en/news/296097978.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296097978.md)
generator: "portal-rs"
---

# 1957 & Co. completes settlement on Causeway Bay Akanoshou asset disposal, retains HK$2.65 million balance

-   1957 & Co. completed a settlement tied to its disposal of the Akanoshou restaurant business in Causeway Bay. \* A confirmation and discharge letter signed on Aug. 17, 2026 closed the settlement despite pending government licence processing. \* HKD 350,000 was paid as the final settlement amount, withheld from the remaining consideration under the business transfer arrangement. \* The remaining HKD 2.65 million balance under the business transfer agreement was fully released to the vendor with no further claims. \* Both parties agreed to a mutual, irrevocable release of liabilities, ending all disputes linked to the transaction. 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 regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260817-12287259), on August 17, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**