Wee Kee (00610.HK) and Nicki (00240.HK) (collectively known as the Liki Group) announced at the end of April last year the acquisition of a number of agricultural land in Tseung Kwan O's 100 Shing Kok Road, a wholly owned subsidiary of Nicki. The Group and the seller completed the liquidation of the acquisition, which the Group has held directly or indirectly The entire shareholding of the target group and the interests in the land have been transferred back to the relevant seller, and the seller's lawyer has paid the group the reimbursement of the costs incurred by the seller for the cancellation, minus the seller.

Under the amended purchase and sale agreement, the seller or his lawyer is required to pay the Nicki Group a total repayment of approximately $31 million upon termination.